It amazes me nowadays how people will throw money into a market and not spend any time in it(pre purchase) then wonder why it didn't work out.we literally purchased our second stilt house by walking up our stairway and the owner (of our now second str there) was walking up there stairs and we struck up a conversation and purchased it off market.My advice, allocate some of your investment funds to knock on doors and hang in the area you buying- its priceless.

Are these good markets for fix and flip transactions within my budget nowadays?

Because competition is getting stiffer nowadays, I have to beat the competition to those motivated sellers and offer value along with it.

Most lenders nowadays can go below a 1 to 1 ratio, but the LTV may get reduced and the rate will increase.

Most of the big wholesalers nowadays have trash deals and they're still selling somehow.

Like UBER/LYFT dropping taxi-cab fees by >50-75%, or pharmaceuticals coming off 17yr patent protection and costs dropping >90%, or de-reg, de-monopolization of energy in Texas etc on and on.The verdict/case has also generated enormous interest/buzz among the average public and interestingly a new found awareness that the commissions are entirely negotiable or even avoidable which when you read the 108 page summary report of the settlement, the hundreds of plaintiffs had no idea of and claimed they were lied to by their agents.

Thanks VG.Time is money and we let go of landlords that are too demanding and won't allow us to do our job properly.For a large chunk of business like this, I guess it's ok to discount prices a bit and be flexible.Back in the day I was stubborn and not flexible at all.It served me well I guess but nowadays I'm a bit more experienced and a lot more understanding lolBut it does seem like we would have to eat too much $#%@ if we took this business on.Granted, I personally don't mind chewing on it all the way to the bank but it's my team that has to eat it also and to me, they are the one's doing the hard work and making it all happen.So protecting them is my priority.Thanks again for your comment mate 👍

Sure, there are going to be people who fail but if you truly try and make your best effort and do your own due diligence by evaluating these properties, inspection, ARV, etc. and really learning the strategy of both BRRR and turnkey fix and flip, it will work.You need to build a strong and trustworthy team on the ground.People nowadays quit the second something gets hard.

The Wheel has generated a lot of buzz including being named the Travel and Leisure Magazine's 12th best diner and the owner, Savas Logothetides, is very involved in revitalizing the downtown.

Seems a lot of people I work with are finding it hard to find a good off market property nowadays .