I am in the process of selling two properties in Tahoe. One is an older 3/2 house. I found a buyer through a friend of a friend. No commission cash buyer no hassles. The other is a low end condo flip. I have a partner that wants to flip fixers. If the vacancy tax passes there could be some buying opportunities. Then I will just be a passive investor if he finds the deals.
I don’t think the vacancy tax will pass and I am actively involved in its defeat and with the campaigns for council member opposing it.
I am spending most of my time on my farm. We just won some awards for our Cab and Chardonnay at the Eldorado County fair.
And a looking forward to another bountiful harvest. More importantly I found a neighbor wine maker that’s helping out.
I am also looking at solar for my farm. Meanwhile Biden doubled the tax on Chinese solar panels… that and high interest rates combined withPGE giving no credits makes solar look less attractive. Might have to have batteries to make sense. And a generator… $50k maybe?to save $800/m?
I am paying the tax on the ones I am selling now.
Maybe will trade into NNNs on some of the larger deals in the future.
I am bullish on RE long term . But high interest rates are definitely hurting the lower priced homes. When you can get 5.2% in a money market why buy 5 caps? There maybe some 7cap value plays… but most NNN are 5 caps or less.
High end homes like in the Keys are selling to cash buyers flush from ATH stock values…
I do still ask questions about fixing real estate 
I’m here too man .congrats on retirement
The market is white hot in Eldorado County. 4 properties sold around my farm very quickly. Similarly in the Keys.
San Mateo county has multiple offers many over asking
San Mateo County still hot and accelerating. Average 104% over asking and lee’s that 3 weeks on market… that means mostly. Cash buyers with stocks or foreign money…
Do you have data on Santa Clara County? Thx!!
Prices still going up . 30 DOM and solds average 103% over asking. In San Mateo County
Meanwhile in Texas
https://fb.watch/DZxiC40RXl/?mibextid=cr9u03
I’m seeing a lot of nice entry level and mid size homes getting sold above asking price in Alameda county. Most of them went into pending within 14 days of listing. Sent an offer for this house, but didn’t get it. The winning offer was an all cash, no contingency
Demand and supply slowed down a bit after Thanksgiving. I’m under contract for a house now. It’s gonna be the first house that my husband and I own together! I just told him that we have enough RE investment among the 2 of us for diversification purpose, and let’s just do index funds from now on. All our houses are local, so we manage them ourselves but it’s hard at time. Earlier this year, we had a new tenant moving in right before our honeymoon, so we were prepping up the place right up to the day before our honeymoon. Had to replace a double hung window because the actual opening doesn’t meet egress requirements. Why would Home Depot selling stuff that doesn’t meet building code 
?!?
Home Depot sells windows for multiple uses. Only certain windows are allowed in bedrooms for egress. It’s up to you or your contractor to know what meets code for a specific use, not Home Depot. Another requirement is windows in doors or near doors have to be tempered. Most other windows do not. In Tahoe windows have specific energy requirements that aren’t required at low elevations.