A few years ago I got caught with a number of housing units I built in Philadelphia I planned to sell to owner occupants if not for the  2022 unexpected rate increases.

If you're considering BRRRR, the FHA 203(k) loan could work for bundled purchase and renovation, but it’s often simpler to use personal funds for lighter rehab projects.You could focus on properties with strong rental potential and manageable upgrades to increase value.

Most service or trades people us included increase the rates for customers we don’t want.  

The equity increased a ton especially w the limited supply 

They talk about some secret way to increase your bookings, there is no secret.

Quote from @Landon Whitt: Is anyone seeing a sizable increase in pre-foreclosures in their market yet?

During turnovers they fix everything, and by everything, I mean they look for anything that they can do to increase the SOW in order to skim as much as they can off the work costs.

If an asset is throwing off a certain yield that is not commiserate with it's risk, then investors will then begin paying more for that asset, thus decreasing it's yield....or start paying less for the asset which would increase it's yield, until it was at the proper risk/return rate to produce the yield that is truly reflective of it's risk.The problem is novice real estate investors get the risk/reward correlation backwards.

@Kyle Kline“Investing for equity and not cash flow” doesn’t mean “buy properties that don’t cash flow.”To me, invest for equity not cash flow means that the PRIMARY reason to invest is for equity growth and an increase in net worth and NOT cash flow.I’ve been investing for over 40 years and while cash flow is important, it’s not why invest.A property must be self supporting ie produce enough cash flow to cover debt service, operational expenses including repairs and replacements.

By year two, he refinanced to lower his rate and dramatically increased his cash flow.