Your rate will be higher than current, but give you your cash out to use for future opportunities. 

An even stronger indicator is that I am getting more and more orders to do BPOs (broker price opinions) for "banks".

As we wrap up the year and look ahead to 2025, the real estate market continues to present unique challenges and opportunities for investors, brokers, and lenders alike.

I'm not very intimate with the markets to the north and south, but I would start looking at price to rent ratios and decide what type of rental type and terms you want to invest in.

No, the seller is asking $725k which is the main opportunity I see to value add.

@Paul Whitney Detroit property values increased over 20% in 2024:https://detroitmi.gov/news/detroit-home-values-increased-ave...https://www.cbsnews.com/detroit/news/detroit-home-prices-amo...https://www.detroitnews.com/story/news/local/detroit-city/20...DM us if you'd like more info...

Look for properties with high cash flow potential, good condition, and room for improvement, such as value-add opportunities.

DC properties are expensive, but they probably do not hold a candle to the crazy prices in Boston. 

Purchase price: $1,200,000 This is a 100+ pad community located near Downtown Bloomington (Near Indiana University).

The price-to-rent ratio is also low.