Judging by my own buyer base, I have roughly two dozen investors seeking Oregon STR, multi family and small balance apartment complexes and commercial investment properties.

Tax sales are a balancing act among (1) the need of government to collect property taxes and, if owners will not pay then, then to provide incentives for investors to purchase the tax rights and (2) investors, who need an attractive return for the risk they are taking, and (3) citizen taxpayers, who should not lose their property and all equity because of small debts and perhaps temporary or at least relatively short term financial difficulties.

However, the expense should be balanced against the possible resale value.

This leaves a margin to cover holding costs, financing expenses, and still achieve a desirable profit.Here's the formula:Max Purchase Price = (ARV x 0.7) - Estimated Renovation CostsKeep in mind that this is a guideline and not a strict rule.

I've been using this for years to some extent, but this version is and will be multitudes better at helping me achieve my goals.

Lower interest rates would certainly make projects more attractive.It'll be interesting to see how lenders balance the need for risk mitigation with the opportunity to capture a larger market share by offering competitive rates

Possibly, but its just gonna get added to the balance of the loan and accrue additional late fees, interest etc.

(BTW, that agreed on price should be the main data point in value).Even in a commercial appraisal, applying a cap rate to determine value, +- a quarter percent, which is a perfectly reasonable delta amount, will swing those values dramatically.Like BPOs, appraisals also use terrible comps many times, especially when they are doing so blind with no set sales price set to achieve.

This is a great resource to ask questions and learn more about different markets.1% Rules and BRRRR's are very achievable here.

Is it still possible to achieve success in this current market condition?