If he had the discipline to fix the problem?

However, rates have since moved upward.A 30-year fixed rate mortgage is once again sitting around 7% interest:For broader context, here’s a chart for 30-year fixed mortgage rates over the past 5 years:The real estate industry hoped 2024 would see a recovery in which mortgage rates fell and home sales climbed.

After the purchase I use the money parter's money to fix up the property and I get rehab draws from the hard money lender to reimburse the money used for rehab.  

I'm open to deals that need rehab but I'd rather find something that's up and running and that may only need minor fixes or rent increases.Do you have any property like what I'm looking for?

If you buy junkers and fix them up, you can make much larger returns. 

As I have a fixed split with my broker, it is well worth it for me.

“They don’t fix things much,” he said of his landlord, whom he pays $1,000 in monthly rent.No rental license renewals have been sought for Golden’s or Slaughter’s homes, Guss said.RAD did not respond to requests for comment on these and other properties.

We've invested around $50,000 in improvements (central air and hardscaping) and our mortgage is a 30-year fixed at 2.5%, with a PITI of $2400.We think it could rent for $3,750 - $4,000 per month based on local comps.

(Easiest to check and cheapest to fix.

If they are low balls then usually you are asking someone to work for free as the fix and flip landscape is competitive for a low pay out.