Cost is mostly legal, with about $10K - $15K being average.

Seems low huh?

I don't think it's necessarily a bad investment even if your costs exceed your income in the year you're starting out.

This involves finding distressed properties, using savings for down payment and renovation costs, and using investors for closing costs.Good luck!

Rather than accept an offer to cash out (offer restricted by current appraised value which because of recent vacancies was low) I chose to sell on a wrap around note.

I see for Fannie Mae, investment properties, people can do as low as 15%.I'm wondering if rates are significantly different for 25% vs 20%.

Pros: - Low upfront cost- Very high profitability (we average 23k per deal of profit) and the ROI is AMAZING- Sustainability - so many land owners out there don't want their landCons- Can take 4-6 months or so to see results- Marketing is expensive, we send mail to acquire properties.

AI can connect you with our cost segregation specialist if you have any other specific questionsGino

They will go down sooner or later, and if deals work at the current cost of capital, then they will look even better when rates drop.Maybe it's time to evaluate other markets?

If solid comps are showing 120k, you should be good, "if" you have solid rehab numbers.When I run numbers for a flip, I take the worst case scenario on everything, then if I still have 20k profit(after commissions, holding costs, insurance, closing assistance) I will proceed.