This might work in a strong sellers market, or it might make people wonder what is wrong with the property to be priced so low (and then don't bother to go see it).While I like to price my listings in the middle range of what I think the market will pay, there are (for now) still lots of new agents that don't realize when you've priced low to hopefully start a bidding war. 

Normally 2/1 entire apartments in area go $1600-2100 ranges so these were surprisingly high for just bedrooms.

However, deals are few and far between here;  prices have not profoundly plummeted, interest rates are still high, and quality inventory is scarce.  

I also wholesaled previously in Baltimore and had a Carrot site in 2014-2016 range before we launched InvestorFuse (We ran PPC traffic to it using AdWords Nerds at the time while working on SEO.)I wanted to shoot over a few bullet points of data from a recent Performance Report and some feedback from a Product Analyst on our team.

Does anyone know of a lender that is asset based that can get in the 6.9 range?

If you choose to go the HML (hard money lender) route, then you may run into some loan minimum issues.Many HMLs have loan minimums ranging from 50k-100k."

Below are some general notes on DSCR loans:* usually used for single family or 2-8 multi family unit properties (fits your scenario)* must be for investment, non owner occupied (if looking for a product for alternative qualifying solutions for owner occupied there are other products)* can close in a personal name or LLC* usually 80% LTV for a purchase (20% down payment) & usually 75-80% LTV for cash out refis* prepayment penalties vary and are optional, but the higher the prepayment penalty, the lower the rate / options typical range from no prepay all the way up to 5 year prepay and structures vary for how those penalties work (3 year is my most popular by far)* appraisal most likely required and paid out of pocket during transaction* can be used for long term, mid term, or short term rental properties * generally 1%+ is the desired DSCR ratio but you get better rates if the ratio is higher (usually rate breaks kick in at 1.15%+ or 1.25%+) and you can still get the loan done if ratio is lower than 1% but the rate will reflect that (DM me if you wand help learning how to calculate the ratio)* the average time to close is 21-30 days* fees vary lender to lender and product to product, but $1595 underwriting plus title fees is pretty standard* 700+ credit is preferred to get max LTV, but plenty of options if credit falls below that* a typical loan minimum is $75k (have limited options for $50k+) and typical loan maximum is $3-4m (have limited options for $4m+)* 3 months reserves usually required, having 6+ months will usually result in better loan terms, 0 reserves can still get the job done if you go with a program that allows you to use the cash flow as reserves* 30 year fixed, IO, and ARMS available

Check with local builders they might have new inventory they want to move or turnkey rentals.

Inventory has held around 5-6 months for most of 2024 so far, with roughly 15% more active listings on the market in the metro area compared to August 2023.

But I always thought the point of wholesalers was to find newpeople, who weren't ever going to list on the MLS and to bring those properties to the marketplace, adding to the inventory.