If you want the houses to be super cheap look at Midwest locations like Cleveland, Detroit, Toledo, Indy, KC, Baltimore etc......

So, he made an average of about $20,000 per loan for pushing a pencil and a cheap paper.

Because there was barely any cheap product and I had buyers looking for this type of product.

I'm just gradually deleveraging, this next time by likely buying all in cash, and continuing to not lever my properties until cap rates are lower than interest rates... unless I can get cheap and low leverage debt through assumption.

I started investing in rental properties in the Scranton area around  6 months ago, and I also just started doing Fix & Flips in the surrounding areas Olyphant, and Taylor, Old Forge. and I would love to ask if you are doing in this area please share your success stories in that area, I am really curious if people have seen success in this cheap market, and let's help each other with info,  I would love to hear from you, and help you with the knowledge that I gathered in this 6 months.Thank you  I would love to hear from you.

This tends to be the issue with these lower cost homes, unless you buy them very very cheap.

So if you let your buddies stay there one weekend for cheap, you still have to get two other guests during December.Clarification: the test for personal use days is more complicated.

Where we live housing prices are relatively cheap compared to if the house was in a different location.

Cheap rates and modern tech are great, but none of that matters if they can't actually get you to the closing table.

Chicago is still pretty cheap in comparison.