Since Jeff and Jim became “partners” in buying, renting, holding, selling and trading single family homes (SFH) for TheMonopolyProject in January, we have bought two houses.
What are we looking at now?
The question on everyone’s mind is ‘how long can this crazy market go on?’.
There is no answer. Everyone has an opinion. Bulls to bears, you can find an analyst who agrees with you.
Here’s our TMP expert, Realtor ‘Just Jeff’ in his April report on homeowner equity:
Check out Jeff’s new “Living in Gilbert Arizona” page. He will show you everything in Gilbert: where to live, where to go, amenities, attractions, and ‘everything’.
Pending home sales have plunged as mortgage rates are rising “US Pending Home Sales Plunge In January As Mortgage Rates Soar”. Last I checked, 30 year, fixed, owner occupied mortgage rates were 5.11%!
We are looking forward to this “correction” as it should add some sanity to the market.
Last time we reported that “Michelle and Jim continue buying commercial real estate”:
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- Closed Dec 2021: 10,000 two tenant building, with our announcement from last month, more to follow…
- We close(d) on The Historic Gold Spot; a 12,000 sq ft, five tenant building in a historical neighborhood in Phoenix. It was originally built in 1925. We are looking forward to the 100th Year Anniversary, more to follow…
- Planned $3-5M…
- An RCFE, Residential Care Facility for the Elderly, more info here.
And real life continues. Here is our adventures with a found turtle, a fig tree that produces the next day after planting and a six foot chicken: