MH Updates Wednesday Edition!
Happy Wednesday! I'm a few days behind on my normal Monday updates. This week is wedding week for me so things a fun chaos right now getting everything organized!
Last week I had 3 properties hit the market. Within 48 hours of listing, 2 of the 3 went under contract at asking price. We (allegedly) have a 3rd offer coming on the final home which would be incredible.
It seems like the housing market is starting to tick back up, but I'm still being cautious with any new projects that I'm starting.
My personal take is that we haven't really started to see the impacts of the war going on, so I'm predicting some more increases to gas and fuel and some more inflation, which means all of our home costs, trade and labor costs are going to see some increases as well.
That doesn't mean I stop doing deals, it just means I'm more picky on what deals I say yes to, and I'm stress testing our deals more thoroughly.
Remember that when there is fear in the market, there is also a TON of opportunity for those that are ready. Now is the best time to be educating and building relationships. The people that do the best during these times are the ones that have cash (or investors with cash) ready to go and can move quickly on good opportunities!
Tomorrows Q&A will be at 10am! Bring your questions! Hope to see you there!
One thing to note- I'll be postponing next weeks Q&A as I'll be on a honeymoon in Portugal!
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Sean Ade
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MH Updates Wednesday Edition!
Land Home Package Investing
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