Here in Kalispell, MT there is a substantial shortage of available rentals so landlords are able to charge a premium and choose awesome renters.

Combine the rents (which are decent) with high: taxes, water/sewer, and a 40% insurance premium- that I do not like the town for anything other than really good 3 families and up. 

I check the 1st edition out.

Properties older than 1957 come with a premium. 

I’m just posing the question because when you’re doing a lot of flips, this expense increases The cost of doing business substantially.And then I heard that 70% of the premiums go to the title company’s bottom line so they are incentivized to sell title insurance to everybody whether you really need it or not.I can feel the backlash as many of you read this, but it’s ok to question the way things “have always been done”.

Use a hard money lender who would charge a premium, probably points up front and higher interest.3.

Edited

This caused an uneven balance of buyers to sellers in the market, as sellers refrained from listing their homes, buyers came back in earnest and paid a premium for homes on low supply.This is the base of their predictions heading into 2021.

Multifamilies rarely come up for sale here and when they do they sell for a premium (typically starting at ~$1M+ for 2 units of more, 3-4 cap is considered good and many trade as 2-3 caps). 

You can of course edit this model to fit how exactly you plan on purchasing and what specific property type you are looking for.