Purchase price: $310,000 Cash invested: $15,000 Sale price: $425,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Carriage Lane, Oakdale, CA.

Home loan borrowing costs eased again for the third straight week as the average rate on a 30 year home loan declined to its lowest level since April. 

Rates are a bit high at the moment but try to get something without a prepayment penalty and then refinance in a couple years when hopefully rates are lower.

They were chroniclaly late and behind on their 5.125% interest rate $363K 1st lien FHA Loan obtained 6-14-2018 which had paid down to around $318K.

If you are already up into the higher brackets, then it won't make sense to take a bit out every year since it will be taxed at the same marginal rate...Can't easily negate the tax obligations... 

The current loan balance is $235k with a 5.12% interest rate.

Sellers are responsive to mortgage rate declines and lower rates could further boost listings later this year. 

It would be rental property to my parents and I would pay a 60% market rental rate and I would also pay the loan.

She had been successful previously, but now since covid had lost her business.

@Andrew BrownI'm in the Reno Tahoe, Nevada market and we have tools that rate every property in our local market for cash flow potential.