Largely, the appreciation in housing prices is coming from both new migrants and investors coming from the East (GTA) as well as international countries (predominately from the middle east).We are also seeing drastic increases in the rental rates which in turn are pushing investment property prices up as well.

The median home value in Phoenix as of April 2023 was $368,657, which is a 23.5% increase from the previous year. 

I currently have around 20k cash for a down payment and that is steadily increasing so I want to pull the trigger soon.I'm interested in Fort Wayne for a few reasons:- I have some family in the area (they won't be involved, but have some general knowledge of the area)- Decent schools- Low crime- Airport- Low pricesAny advice or connections are welcome as I am completely new to this.

The business plan to pay untenable returns is not untenable, it’s non-existent.

Throughout my career, I have consistently conducted business with integrity, transparency, and the utmost professionalism.

Oh I agree with you if that rent will be a business income to live on vs just an unrealized gain.

The property was in a great market but needed a full cosmetic rehab and basement finish to add a bedroom and increase resale value.

We have worked hard to build up our systems to manage our business. 

Buyers usually want to purchase on today’s value while sellers often want to use future potential of the property (“current rents are below market” or “room to build an additional property”, etc) to increase the purchase price or likelihood of a sale.

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.