Buckle up, get stronger then enter it.

After Powell said he will pencil in 3 rate cuts, the housing market started the craze again (Bay Area heavily tied to stock market). 

We may see some reduction in rates this year on the fed rate side, but people need to understand interest rates are tied to the 10 year treasury and not the fed rate. 

It might be a good idea to tie the site up as long as you can to get some soil testing and at least some preliminary drawings done by the civil engineer to see exactly what the site work costs will be. 

Analyzing a current property listed for 39,500.ARV x .7 - rehab cost= my max offerARV is looking at 60,000.Rehab is looking  around 10,000.70% of ARV is 42,000, minus 10,000 for rehab, equals max offer of 32,000.I do my best to underestimate ARV and under estimate refinance LTV, this could cut into number of deals acquired but reduces risk of over estimating and having money tied up in the property.

I am looking into doing rehabs and flips, so that I can build my capital and not be tied down to a LTR should anything go south. 

Which is the stronger market, with a relatively attractive price point for entry.2.

Also, In this next property we are not tied to purchasing in Portland, OR.

@Michael Smythe I think you are still caught up on the GL policy being tied to the property.

Altos Research has both 95691 & 95605 zip codes as seller's markets trending slightly stronger to the seller's market side over the past few weeks.