Important to not take one statistic and make conclusions about the entire market.I would have to get to know these areas a lot better to understand the trade offs and dynamics.

The reason why is because there has to always be a trade off when it comes to finding a great neighborhood/turnkey and cash flow.

I can't speak for this deal in particular, but you'll always pay more for turnkeys-- trade-off for not having to do any work.The only thing I see in the deal is Norada didn't include estimates for vacancy and repairs, and I would never analyze a deal without including those.

Some loans work the same as for the first and other time buyers.Midwest looks cheaper to start for sure but there's always a trade off.

(heloc or refi)I am an engineer by trade, and own my own comapny (AHAE Designs Inc).

My goal is just not to need to and it’s very rare that I ever do anymore now that I’ve traded all of my properties in bad locations for ones in good locations, so I don’t even think about it.

. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.

@Justin Whitfield I’d first forget about FiRE status - it doesn’t really exist without large trade offs that you’re likely not willing to make.

Choose Your Real Estate StrategyRental Properties: Purchase properties to rent out for consistent monthly income.Fix and Flip: Buy distressed properties, renovate them, and sell at a profit.Wholesale: Contract properties and sell the rights to buy them to other investors.Real Estate Investment Trusts (REITs): Invest in publicly traded REITs for passive income without direct property ownership.5.

Where I am going with this is someone may trade a W2 wage slave job for a job of owning rental units to house people and their pets.