Hey @Aasin Pritchard - sign the assignable contract first lolWho's to say you discuss it with a buyer and they don't try to cut you out of the deal and go direct to the seller since you gave them all the info without a signed contract? 

Today We’re Talkin:- The Weekly 3 - News and Data to Keep you Informed- When will the Fed cut rates?

Even the living room can be cut out to make a bedroom. 

After Powell said he will pencil in 3 rate cuts, the housing market started the craze again (Bay Area heavily tied to stock market). 

Loans taken out before this date are generally grandfathered in and not subject to the limitation.Purpose of the Limitation: The $750,000 cap was implemented as part of the Tax Cuts and Jobs Act (TCJA) primarily to limit the deductibility of mortgage interest on newly originated loans and to simplify the tax code.

Tenant in CA is also always always more credible.To cut the story short, my buy box is buy in area where DOM < 10 days, avg price > 700k.

To give you a more cut and dry answer however ...

Here's a quick snapshot from the COVID outbreak of early 2020 to February 2024:Key TrendsCondo prices: 📈 65% since March 2020Single-family homes: 📈 75% since March 2020Rapid appreciation mostly in 2020, stable/slight gains sinceMarket resilience despite rising rates and insurance costsAI stock market-fueled wealth could drive more home purchasesMy Prediction:Prime single-family homes: Prices remain stable or increaseCondos: Flat unless truly distinctiveThe Big Question: Are YOU ready to buy or sell?

Here is my expected cost:Land: $475kAcquisition Costs (Environmental, Survey, Geotech, Traffic Study): $25kSoft Costs (Engineering, architect, impact fees, permit, legal, closing costs, taxes, interim interest): $300kSite Development Costs: (Earthwork, underground utilities, curb cuts, fencing, stormwater, paving, landscaping): $800k ($400k/acre)Subtotal before vertical costs: $1,600,000 ($80/SF). 

Analyzing a current property listed for 39,500.ARV x .7 - rehab cost= my max offerARV is looking at 60,000.Rehab is looking  around 10,000.70% of ARV is 42,000, minus 10,000 for rehab, equals max offer of 32,000.I do my best to underestimate ARV and under estimate refinance LTV, this could cut into number of deals acquired but reduces risk of over estimating and having money tied up in the property.