After the pandemic-fueled housing boom cooled somewhat in 2023-2024, the market has found a new equilibrium that presents interesting dynamics for flippers.Key statistics worth noting:- Median home prices have stabilized around $450,000, representing a 3.5% increase year-over-year- Average days on market: 42 (up from the frenzied 12-15 days seen in 2021-2022)- Inventory levels have increased by approximately 25% compared to early 2023Where to Find Flipping Growing NeighborhoodsSeveral Phoenix neighborhoods are showing particularly strong potential for profitable flips:1.

@David Cherkowsky, the lender will take the full rental income reported on the tax return, for that property, subtract it from the total expenses, add back depreciation, property taxes, mortgage interest, home insurance, HOA(if applicable), sometimes repair expenses(must be documented), divide it by the total amount of months the property was in service for that year (THIS NUMBER IS ON YOUR TAX RETURNS, SO MAKE SURE YOUR ACCOUNTANT DOES NOT PUT 12 MONTHS), and subtracts it against your total monthly mortgage payment.

The area is very desirable, great schools, restaurants, shops and major airports close by. 12 mins from downtown St.

By any chance are you related to this tenant?

can run scenario by me to see what can be done if you found no one yet.

•Next Federal Reserve Meeting: March 19-20, 2024•Current Market Forecast: 50% chance of a rate cut in June, increasing to 80% by September•Key Indicators to Track:•CPI inflation reports in March and April•Jobless claims trends over the next two months•Housing market activity heading into Q2For real estate investors, adapting to rate trends is critical.

You'd have to have a matrix of rental rates correlated to how much debt your numbers could take on, then filter your searches by asking price at those numbers for just those houses that could rent at those rates.

Thanks in advance. advice would be not to commit mortgage fraud by getting FHA loans with the intention to flip the property..

I have been using Marcus by Goldman Sachs for a couple of years now and have been happy with it, but have recently started to wonder if other online banks offer better rates. 

It helps readers a lot by providing context, and those of us who have some time in the market can look back into our histories and give you some advice.