Most purchases today are from folks looking to defray the cost of their second home.  

Say your rental is worth 100k, pull out 70k, find a property for 40k, and put 20k into, and 10k into holding costs and extra buffer.Refinance that rental at say 100k,at 70% LTV and get 70k back. 

These costs +/- are $2,000 per year total.

35-40% is a more standard realistic operating cost. 50% is too high.

I'm not a title agent, but I presume there are fixed costs involved in any kind f services.

Competitive upfront costs and ongoing subscription costsPlus 2 Nice To Haves: Good analytics reporting and Compliance Updates regularly communicated

@Alan HaleCan’t answer number 2 but financing has nothing to do with your profit I’m it doesn’t matter what you buy whether a car, home or pack of toothpicks, your profit is what you paid for it minus your costs/expensesWhere financing does come into play is it is a cost as money is not free - but it’s only what you have paid for that financing.Hope that makes sense

So most of the time developers who pull this move, replace with a new unit NOT used.Utilities on bare dirt will cost more time/money than I think most realize.

Looks like the petrodollar deal just expired and Saudi Arabia has said it does not plan to renew... what are your thoughts on how this will impact real estate? Everyone's waiting for interest rates to fall but not sur...

AI will be able to construct homes at near zero cost.