Median Price: $678,500, +6.02% Yoy.Closed Sales: 4,216, -11.89% Yoy.YTD Closed Sales: 21,325, +1.38% Yoy.12 Month Closed Sales: 38,118, -8.70 Yoy.Inventory: 6,035, +31.62% Yoy.YTD inventory: 33,454, -1.59% Yoy.New Listings: 4,349, +10.77% Yoy.YTD New Listings: 29,789, +8.16% Yoy.Months Supply: 1.8, +38.46% Yoy.Cumulative Days on Market: 29, +3.57% Yoy.Existing Home Inventory as a Percent of Households: 0.22%.

I would like to use it as collateral to borrow 42k from a private lender, interest only payments in the 8-10% range for 12 months.

The way Wayne County PA handles its OTC property inventory is to hold auctions four times a year.

This makes the home more accessible to a wider range of buyers, increasing its marketability and potential sale price.

So looking into single family homes in the $400K range.

I like it a lot of my vendors move the inventory in 30 to 90 days so we are only paying sometimes as low at 90 to 150 for insurance per home.Now if your going to keep it a full year or more this is not always the most cost effective.. but it works for a quick and dirty solution.I used Foremost over the years for my MHParks that I owned.. they insruaed the crappy trailers in said parks LOL

The real estate market in my area is now stagnant with a surplus of inventory.  

Feel free to connect with me if you would like our inventory. 

Many lenders avoid these deals due to the low resale potential, but I'm curious if there are any loan products available for this price range, especially in markets like the MidwestAlso, does anyone know if any lenders are bundling multiple low-cost loans to meet minimum loan thresholds?

A great example of this is Orlando and Kissimmee, where hosts really go all in on a range of Disney themes.