Biggest mistake of my life was not keeping 50 more of the 500 or so I flipped, HUGE mistake. 

What has been the biggest hurdle in the last few months and how did you overcome it?

Im all for creativity to get deals, but this ..this was vile.Jason spent less than an hour at the end of the class half-@ssedly rushing through his biggest selling point.. a negotiating strategy he calls the 'seller waltz', which turned out to be nothing more than rushing through the list of creative real estate structures should the seller not accept your cash offer… “Oh, you don’t like my cash offer.. what abouuut this?!

The real test will come when the Fed begins to cut rates, as indicated for later this year, making it a challenging market for both parties.”Clare Losey, ABoR’s housing economist, recently said, “From the buyer’s standpoint, there are a number of advantages and disadvantages…The biggest headwind to them are higher mortgage rates and the decline in purchasing power.”Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single-family home in the City of Austin for the first half of 2024:The median sales price for a single-family home in June 2024 was up roughly 16% from the beginning of the year.

I have renovated / BRRRR'd over 50 houses in the area and that was my biggest challenge getting into it. 

I am going to be doing an extensive renovation, biggest thing is dorming out the roof to increase the size of the bedrooms.

I live in Florida and Canadians are the biggest group of foreign buyers here.

Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year. 

Hope this helps,GlenBelow are the emails and details of the project for other to see and get a better understanding of the potential downsides. https://www.fundthatflip.com/d...

The biggest lesson I learn, is if you want to do it right; read and follow David Greene's book 'Long Distance Real Estate Investing'Good Luck!