These agents have access to a large inventory of bank-owned properties and can provide valuable insights into the local market.If you follow these steps, you'll be well on your way to successfully fixing and flipping REO properties.

And there are sponsors that have survived multiple cycles with little to no money lost and sponsors that are brand-new (and everyone in between)So these all come with a wide range of projected returns, actual returns and experiences.

I have noticed while searching the Fannie Mae site there is very limited foreclosure inventory, especially in Washington State where I am interested in living. 

Inventory has held steady around 5-6 months for some time now, with roughly 11% more active listings on the market last month compared to September 2023.

I took a look at the listings on their website.Most of their inventory is 30+ min from the 'downtown' area.Seems like they charge $400 - $600 a bed in Dallas and Houston + a move-in fee to the guest.It would be interesting to know what their management fees are.You should be able to make money based on those numbers if they have a nice occupancy rate.I personally wouldn't rent from there because I prefer my own space but there are definitely people out there that like to save a couple hundred on rent or even enjoy having roommates(Company) around.Best of luck!

but it sounds like your mind is made up on this mentor.. flipping right now is a pretty tough gig for a beginner depending on market. very low inventory then sky high rates for your buyers. so use caution be careful also make sure you have a GREAT RE Broker who knows the values and what you should and shouldn't do in the rehab to maximize your returns. these things are very market specific U simply need to make sure your matching what is expected in the market you choose.. 

There is still very high demand in many markets with rates coming down and lower than normal inventory..

Right now we are starting to see inventory increase and the job market starting to take a hit.To me it’s an affordability issue.

This will hold true in any lower cost inventory neighborhood, not a Philadelphia specific problem but resist the temptation particularly if you are not a local hands own operator.

Hi Sharad, you can find cash flow properties in Dayton with COC ranging from 10-18%.