. - 30 year fixed terms - Usually have a Prepayment Penalty from 1-5 years, although you can price out a 0 PPP for a higher rate or fee- Minimum Credit score is 650 usually, although you could do a lower LTV loan at 620. 

Some of these areas have lower purchase prices but solid rental demand, making them ideal for strategies like BRRRR.I spend my time scouting off-market distressed properties, and I’ve noticed that investors are having a lot of success in secondary cities just outside major metro areas.

What are some other emerging markets maybe with a bit lower to cost to entry for a BRRRR strategy?

Payments stay lower, cashflow better and it'll boost your balance sheet not to mention lower risk when things go awry. 

You borrower at a lower rate to invest in something higher.

One of my connections will fund the rehab for less and give it all to us on the upfront to finish the project at a lower cost.

A balanced market typically has around 6 months of inventory, so anything lower suggests a seller’s market with limited inventory.🎆 Las Vegas Rings in 2025 with a Bang!"

While borrowing for a down payment is risky, increasing your savings will lower your interest rate.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

They'll have the same issue with the next buyer and you can always come back in a few months and make them a much lower offer once the property has fallen out of contract a few times and they are extra motivated to sell.