Hello,Firstly, I'm a bit of a noob so please excuse if my question a bit all over the place.Backstory:I have a 1960's house in a small ski town where the real estate is booming.

I always like to hear his story of sales and how he built his business .. having bought 3 Teslas now I can flat out guarantee for 95% of car buyers they will totally dig that experince.. maybe not the car.. but how you buy one is simply genius.. you go to the show room for a test drive.. you can order it there.. they walk you to the computer and boom 5 minutes its done.. 

I live in Stillwater, Ok which is a BOOMING college town.

Not so often (at least here) is anyone looking to go with a Class A or B area for flipping anyway- I just say that as it can make sense to get into higher % in some cases but that's very deal by deal based, and not usually a common 'rule')There are a few areas that seem like they're booming right now and I've heard of people getting outbid on deals- which is driving purchase price up (significantly in some cases) which in turn changes the % instantly.

during the "boom" times but COVID has loosened everything up and now 5% can be had in Manhattan, 6%-7% in Brooklyn and even 8% in the Bronx.

during the "boom" times but COVID has loosened everything up and now 5% can be had in Manhattan, 6%-7% in Brooklyn and even 8% in the Bronx.

If you luck out, you could find a property here that requires a rehab, utilized a 203k rehab loan and boom, there is your equity.

Found a project in Richmond, VA where the purchase price is under $150k for a duplex in a booming area.

It’s both a reflection of the pandemic-fueled housing boom and a market that was chilled by the coronavirus last spring as sales died in escrow and would-be sellers decided not to move.

BOOM!