Not sure, but I don't see interest rates coming down much in 2025.There are always opportunities if you look for them, no one will like bring them to your front door on a silver platter.It seems like when you aren't looking for opportunities they do present themselves.Kinda like it's easier to find a girlfriend when you already have one.

It will make the loans more valuable if you ever decide to sell them and decreases the chances of default. 

This caused a historically unique opportunity for investors - they could buy Class A properties and immediately cashflow when renting them out.This couldn't last forever, and it didn't, as excited new investors drove up prices.

Especially as you start to get a little further outside of downtown.Plenty of opportunity to get equity with the housing stock being so old and a lot of properties needing to be rehabbed.

We bought a 55-unit last year in the same market, a market we've been investing in for seven years.How we found itOur property manager brought us this opportunity (and the three previous as well).

We have such a unique opportunity here.

Quote from @Dylan Fraembs: Quote from @Wale Lawal: @Dylan FraembsThe Providence market offers solid opportunities, especially in multi-family and value-add deals.

You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

Hi River, Yea, I'd be happy to connect and chat it up about opportunities.

Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.