That will be a determining factor for where it makes sense for you to purchase.Regarding waiting - bear in mind a lot of people were predicting rates in 2024 would be in 5% range or low 6s, which didn't turn out to be the case.

prices are high, interest rates are high, there is tremendous demand for inventory, and - one thing that doesn't get mentioned enough - a record number of properties are debt free. 

Adjustable rate mortgage, 10% down.

In addition, all Rent payments hereunder not made within five (5) days of the due date shall bear interest at the rate of one and one-half percent (1-1/2%) per month"The monthly rent is $1550 so the late fee is easy - I've set the account to charge 5% if the rent isn't received within the 10 days stated ($77.50).

With fluctuating interest rates, tighter lending criteria, and increased competition for properties, securing the right financing has become a key factor in closing deals and maximizing ROI.Are you exploring creative options like BRRRR, partnerships, or seller financing?

Interest rates atm seem quite high so will ride this out a bit longer (and ratios will continue to improve over time.) 

One your loans will be a higher interest rate, next you will have annual filings, the cost of a registered agent every year, and items like that. 

Success rate. 

Hi Evan,If you do land on Indy and want any help crunching numbers and current rates.

Only five of the qualifying 25 local cities saw a population decrease, topped by Bee Cave (-2.7%).