Wholesaling should mean you own property and are selling it for cheaper than retail just like it does in every other industry.

Cheaper than renting, great appreciation, and a good neighborhood.

It's funny you're looking up here for cheaper properties...NH doesn't feel cheap to me when I see all these people buying 20 units a year in the Midwest.

Regarding the investors with +100 units, are they basically doing it buy buying cheaper properties (<$100k) in "c" and "d" properties and then handing off to a property manager?

In my neighborhood house values have gone from the peak of 185,000 with foreclosures down to 75,000 at the bottom.Now it has gone back up to 85,000 to 90,000.Most of the foreclosures are Freddie Mac in my subdivision with a couple Fannie Mae's.I do the bare minimum to maintain the house.I am not worried about the value and simply the mortgage payment is much cheaper than rent for a similar house in the area.Eventually if you hold long enough it will rise back up to meet debt payoff.I don't see the primary residence house as my source of retirement.I see the other owners taking great care in my subdivision of their properties.This can only help the development to rebound sooner in value.

I'll check it out.I'm looking at Vegas right now...the houses are cheaper, bigger & nicer than Cochello Valley but the rents aren't as high.

forget having home depot install. call up a local (independent) carpet installer and i guarantee it will be cheaper. let the guy know that you have rentals and may be looking to use him for future gigs. i was quoted $250 for HD to install my last carpet job. i went into a local carpet warehouse and got the card of a guy they contract out to and he did an install and even hauled away the old stuff for $80.

A funeral's cheaper than a lawsuit.

So, for now, we are having our broker give us the max amount we can afford via a conventional loan so we don't waste time on anything too expensive.My questions are:1) Even if we do secure a cheaper property via a conventional mortgage, employ the BRRRR strategy and refinance a year later, won't we run into this same issue again?

These areas of the city will appreciate faster than the cheaper areas with bad schools and high crime.