A recent client of ours owns a home in Valley Stream and also has a STR in the Catskills (Napanoch).

A lot of my clients will do their first 2-3 flips as ones they sell off to have a healthy grasp on projects and a large pool of cash to work with.

Ideally we stay in Cobb/Cherokee county and we stay under a 150k purchase price.

So how many have you purchased and how are things going? 

(D) They are not acting as the agent of any other person or entity in purchasing the real property.

The real test will come when the Fed begins to cut rates, as indicated for later this year, making it a challenging market for both parties.”Clare Losey, ABoR’s housing economist, recently said, “From the buyer’s standpoint, there are a number of advantages and disadvantages…The biggest headwind to them are higher mortgage rates and the decline in purchasing power.”Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single-family home in the City of Austin for the first half of 2024:The median sales price for a single-family home in June 2024 was up roughly 16% from the beginning of the year.

Any transaction where the rehab exceeds the purchase price is a red flag for the lender, when you add rural, extraordinarily small size, and combine it with a very small loan amount you create a tough situation.

All of my real estate investor clients use Quickbooks online. 

I haven't heard of a significant market collapse anywhere.I just had a client in FL get about 20% more on a refinance appraisal than they expected.Maybe some small market are going down but overall we are seeing things stabilize if anything.Rates went down recently for us and many other lenders which also supported values remaining where they are.

Purchase price of $76k if purchased with cash or financing, or $85k if purchased with seller financing.