IRS redemption rights are a MINIMUM of 120 days, but the rights for the IRS are at least as long as the rights of other parties when other parties have redemption rights that exceed 120 days.

As you can see CA isn't outstripping the rest of the country as a percentage, it just feels that way in absolute terms because a 300% increase is a lot more when your starting point is $800K vs $200K.

I just closed a DSCR cashout refinance with better terms than what you are being offered.

How long did these processes typically take to complete after the redemption period was over?

But if you want to go long term, really go long term.

It helps determine if the project will meet the desired profit margins.CoC (Cash on Cash Return): I find this particularly important for fix-and-flip projects, as it measures the actual cash return on the cash you’ve invested, giving a clear picture of short-term profitability.Cap Rate (Capitalization Rate): While more commonly used for rental properties, it’s useful in understanding the potential income from a property relative to its price.IRR (Internal Rate of Return): This is a great metric for longer-term projects or those with varying cash flows, as it takes into account the time value of money.Some investors might overlook metrics like AAR (Average Annual Return) or EM (Equity Multiple) if they’re not as relevant to their specific strategy.

From my experience, starting with long-term rental properties is a smart move, especially for those looking to build wealth steadily over time.

House hacking is a great place to start you portfolio, just be buckled up for the long haul.

For instance, markets with low property values and expenses are often ideal for cash-flowing long-term rentals, especially in areas where many residents are unable to purchase homes.

I would take cash back (more $ for my next deal, repairs) vs a price reduction (as long as cashflow is good of course or flip makes sense).