Month: September 2023

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T-Bills get 5.5%.  Cap rates on decent Midwest homes are a conservative 9%, but there is actual work to do, and it dries up your liquidity if there is indeed a major shock like 2008.  

By Pucklore | September 3, 2023 | Comments Off on T-Bills get 5.5%.  Cap rates on decent Midwest homes are a conservative 9%, but there is actual work to do, and it dries up your liquidity if there is indeed a major shock like 2008.  

Competition is still fierce.  The I-will-buy-your-house mailers still stream in. Some of the overleveraged are selling into the market, but there aren’t any screaming deals anymore, and if there are, they get bid to low returns with lots of improvement…

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