If buying now aligns with your long-term financial goals and property needs, it might be worth moving forward rather than waiting.Impact on Property Prices: Lower interest rates can boost demand for properties, which might drive up prices.

@David Lutz it’s a great thread you started and I’m aligned with a lot of points you made.

Just remember though as Jay already mentioned, there's a requirement to live in the property for at least 1 year so ensure that this aligns with your plans.

Funny thing is your opinion in those posts is extremely aligned with mine, it's more the approach where I cringe and go...

You might consider starting with a trial period to assess their services and see if they align with your goals.

Scenario:A lender had limited communication with the borrower throughout the loan term, resulting in misunderstandings and lack of alignment on project goals and expectations.Mistake:Miscommunication led to issues that could have been addressed early on, contributing to project delays and difficulties in loan repayment.Lesson Learned:Maintain open and regular communication with borrowers.

They are often classified as operating expenses or maintenance expenses rather than capital improvements (assets).Washer/Dryer/Stove/Refrigerator: These are assets as they are considered durable goods that will benefit the property over an extended period.New Baseboards/Trim, Doors: These are generally considered assets because they enhance the property's value and are not typically replaced frequently.Furnace/AC: These are significant components of the property and are categorized as assets due to their long-term benefit.Paint, Light Fixtures: These can be a bit nuanced.

Working with a reputable lender and having a solid plan for each project can significantly reduce risks.If you decide to use hard money lending, it’s important to calculate your costs and potential returns carefully and ensure that the projects you undertake align with your financial goals and risk tolerance.

Quite a bit of risk associated with the process and from what I am hearing from those who used to be more active buying tax sale properties in Philadelphia the risks are no longer aligned with pricing concessions.

Aligning decisions with financial goals, risk tolerance, and lifestyle preferences is crucial.Good luck!