After an intro call and vision board, intro to strategic lending partner, four physical tours, two offers on two properties (with the second accepted below asking price) a quick inspection with (minor inspection issues resolved by seller), appraisal waiver and below market rate lock..

Purchase price: $620,000 Cash invested: $20,000 Sale price: $727,000 Source: Cold CallPurchase: Off market with owner financing.Price: $620,000.

>but quickly realized that trading time for money wasn’t going to be enough if I wanted to create wealth while living in California.I think you are entering a tough market.  2.5 years ago (before interest rates doubled)  it was a much easier market.  

Are you in a market where the costs of the necessary capex is cost prohibitive?

Hi All, I live in NY and I am looking to buy in a hot market.

For flipping you have to be in a viable market that produces such opportunity. 

This is exactly why I've been staying away from markets like LA and focusing on midwest markets. 

My top reasons are:- Current income- Hope of price appreciation- Vacation home to go to- Store of value/hedge against inflationOne other reason for me that I am not sure is captured in the original list is that STRs is what my market gave me.

high rise condos appeal to a very limited market of buyers.

kind of like folks that think they are being funny when they on are planes these days and talk about crashing then cant figure out why they are getting kicked off the plane.. lots of nut jobs out there.