We invested $30,000 in strategic renovations, enhancing the property's appeal and market value.

The real estate market has seen its fair share of ups and downs, but the recent drop in mortgage rates offers a glimmer of hope for potential homebuyers and investors alike.

@James Hamling  James is in your market he maybe able to assist.

Here are some data points below from the past month:🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes):🏡 Mortgage Rates:30-year conventional rate today is 6.63%30-year VA rate today is 6.20%💰 Median Sales Price:May: $475,995June: $485,000July: $487,483📈 New Listings:May: 2,141June: 1,920July: 2,032📅 Median Days on Market Until Sale:May: 12June: 13July: 14📦 Months Supply of Inventory:May: 2.4June: 2.3July: 2.6

I can't speak to this exact builder or market, but I can say that many production builders offer huge closing costs, but it's often a marketing ploy and they know that you can't use at least a big chunk of that. 

Our experience in similar projects and the strong market demand in the area further solidified our interest in this property.

Purchase price: $279,000 Cash invested: $45,000 Sale price: $425,000 Off-market property I found, contacted the sellers and proposed a cash offer of $279K "as is" (suggesting we would clean out the entire property & dispose of whatever the sellers didn't want.).

No deals are advertised as great deals way below market.

It was sold and marketed to me as a facebook support group.

In my experience, this usually happens when you are renting below market.