I bought a house at a foreclosure auction and am in the process of signing contract and preparing for closing in 30 days. The house is currently occupied by the people that the bank foreclosed on. From your experience...

In the years I've been doing REI here, I've never seen the market so lacking of decent buying opportunities.

There doesn't seem to be any incentive to buy when you eventually want to sell.

In other words, a wholesaler needs to find a deal where they can get the property under contract for an amount that is low enough that they can not only cut themselves in on the deal (assignment fee, etc), but also pitch it to an investor who sees enough profit in the deal to be worth it to buy it from the wholesaler.  

You also will almost always run your property better than a PM company, especially early on in your career while you are focused so it is hard to describe how much better of a deal you need to have if you are buying small multi units or single family.

im looking for advice on financing a purchase. we were hoping to use as little of our money to buy a house and use the BRRR method.

I feel like the time is now to start buying while rates are high, and property values are low.

Also thinking of buying a single family and then flipping it to a developer to tear down and build new multi-family that seems to be going up everywhere.Any advice is appreciated!

Whether you're looking to buy, flip, rent, or pursue the BRRR strategy, I'm here to support and mentor you.Let's connect and discuss how we can build generational wealth together.

You need a massive marketing budget, and you need to double close on the property, meaning you need the actually have the cash to buy the place.Flipping contracts from unknowing sellers to buyers is a shady business, illegal in most states, and has a failure rate in the high 90% range.