People are willing to pay the high interest rate because they expect to pay off the loan quickly.If you own the home outright, you would go to a traditional bank to cash out the equity.

Purchase price: $490,000 Cash invested: $61,000 Sale price: $649,000 Nestled in the highly sought Silver Sands neighborhood of New Smyrna Beach, this 4-bedroom, 2-bathroom home offers the ultimate coastal living experience.

Once you start making offers, the whole process of underwriting then offering is time-consuming enough. 

Snow, then you don’t have a deal.Looking at it differently, instead of offering a lender a return that doesn’t even meet the rate of inflation, why don’t you offer your seller $200k for the property?

Highly doubt it But I could see a 20% pullback ... 

A quality pair of dress shoes for the office?

What would you offer the lender to negotiate on the loan?

We purchased it because the house was a good price compared to the same quality in OKC.

I have already linked up with some Realtors based in Indiana and have property searches going, but I want to be sure I am set to submit offers when the opportunity arises. 

Outside of real estate, I enjoy being outside and enjoying all that Denver and the Rocky Mountains has to offer.