With many foreclosure auctions closed we see decreased inventory right now.I don’t mean to be discouraging, I think that you could still do very well even if you can’t get a pure 100% cash out after rehab, it’s just higher risk.  

@John LyszczykAs much as I would like to blame COVID and high demand for the rising prices.The price of materials has sky rocketed due to poor policies by the previous administration.Tariffs are not “free market” friendly and have caused materials to sky rocket.Now instead of having to compete with other companies.US material companies are now monopolies and charge what they want.Low inventory = high prices The difference in this situation is these companies are trying to make a quick buck with and drain builders & investors dry.IMO.

Population is growing and inventory is low.

@James Gibbons While it is still officially still a sellers market, I do see the tide turning.The best deals still go to cash buyers And it’s still difficult to find deals, but I do expect an uptick in foreclosures starting in the Fall which will increase the inventory and force prices to drop.

Then again, used car guy has to pay for his inventory, so there is that.I'd consider it an investment if they actually took title instead of finding a less bigger fool to sell to. 

Inventory is a little less expensive than what we found on 30A and the rents are similar.

If rates go up demand drops, inventory increases and values drop. 

However, the housing market does have one major challenge that will prevent sales volumes from hitting records: Inventory.

It's much more affordable here in North Kitsap County, though we are also currently working with a serious shortage of inventory.

Although I continue to evaluate deals in Durham, there's not a whole lot of inventory and what comes to market is pretty inflated.