Hey BPers,  I've been casually reading about Peer Street and Fund that Flip and am curious about people's recent and long-term experiences with these services. 

of course you have to handle the inquiries… but it’s pretty easy… we’ve done it multiple times.Your 6% appreciation approximation is less than the 7% average return the stock market  does long term - and lately it has been blowing that figure away - though as they say - past performance doesn’t equal future performance. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Here’s how the contract and assignment process typically works in wholesaling:Contract with Seller:You start by negotiating and signing a purchase agreement (contract) with the seller of the mobile home.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

The ultimate goal would be to rent it out for short term stays or possibly as an event venue (in addition to being on farmland, it's surrounded by pine forest and waterfront).

The 'what you get' for the money factor is highly applicable from Brookings to Astoria and licensable STR coastal vacation rentals are still regularly attainable at workable terms, Luxury and oceanfront and lakefront properties tend to perform above the 10% of valuation in gross annual income for prime coastal STR's and as an example I've seen a $2.1 Million Oceanfront home produce $300k in gross annual income.

The borrower was overqualified, the property was cash flow positive, I approached a local lender and due to the strength of property and borrower they provided essentially conventional terms of 25% down on a 25 year amortization where as other investors could only consider the transaction as cash. 

I'm particularly focused on local STVR (Short term vacation rental) properties that are officially licensed by the county of Hawaii to operate short term rentals.

You may have to talk with a lot, but typically every town has one that will finance them for you.