He is calling it a Fire Sale🔥🚒 BUT his asking price is $1 Million for a former school building.

The MLS School my classes were through offered one that was two days going over the test and all the focus areas. 

This is more difficult to secure in this high rate environment but so is a cash out refinance.  

Rates will be in the low 7s. 

I then proceed to show them comparable sales in the area and a report we pay for that shows projected appreciation rates based on a variety of data. 2.

Curious how quick rates will likely fall on mortgages once fed does start a cut? 

It sold FHA so it is an owner occupant as well, not an investor, in 17 days on market.While were on the subject, does being near railroad tracks affect rent rates?

When interest rates go up next week, it will be harder still.

Prices and the interest rates were part of the reason why we decided to wait. elementary school ratings and career changes were the other things.As you suggested, buying a fixer upper is also an option. concern with that will be the added delays in actually renting out the house after the fixes/updates.

Let's put expenses at 15% since it's a new build, and you're looking at a 10.2 cap rate.