Hello, I am seeing some distressed properties being scheduled for auction at low(for NYC) prices.

This would be zero issue in Indianapolis and tons of normal conservative old school banks or credit unions would lend on this 75% of as is value and 75% of additional construction cost as long as not more than 75% after repair ARV.

Line of Credit on a Business Credit Card - This was just recently introduced to me.

By way of example, 9.5% is going to be the low end for construction financing.

in summary all condo/HOA are bad investment except :- if they are located in prestigious location and/or neighborhood- they are relatively new so maintenance cost is low and predictable- they located in the market where DOM for condo is less than 10- they are located in the best school district- or they're located for resort zone/holiday zone.

Any amount you pay the day of the sale is credited towards your bid price when you foreclose and record your deed. 

While still technically in slight seller’s market territory, inventory is well above extreme lows seen in recent years when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed mortgage is sitting around 7.3% interest, which is the highest it has been in 2024 thus far:In addition to interest rates increasing the cost of real estate ownership, buyers are facing increased insurance premiums, maintenance costs, and rising property taxes.

Keep it clean, maybe seed if it needs it (sod is expensive), and put in a few low maintenance bushes.

I’m thinking of offering an option to buy in the lease maybe after three or five years with no money down and the sale price would be the low end of the Zillow estimate. 

You may also qualify for a low down conventional loan.