Quote from @Conner Price: I am a new investor living in California, investing in Wisconsin.

I’ve heard of numerous people raising “opportunity funds” to take advantage of what they call the “fire sale pricing” that will soon be here.I agree that there are more distressed sellers than in the past, and we have seen pricing become a little more reasonable than it was in 2022.

With high interest rates, there's less competition and more stable prices.

I am looking in the Bryson City, NC area as it has a lot of outdoor adventure opportunities, and seems to be a more reasonable price point than some of the other towns around the Smokies.

This product generally requires an LLC set up and there's financing up to 90% of Purchase Price & 100% Rehab with up to 75% of ARV / after repair value. 

There's a reason because based on the strategies we use.

I suppose if you don't really have another reason to use the money (no plans to buy RE in the future, no interest in stocks/PML/other investments).

Is the reason why this is lucrative to the seller because it's money that is able to be written off as a loss? 

Couple reasons for this.1. sucks to lose money every month when you just put down 20%, which can be a lot of money2. what if there is some kind of emergency i.e. large maintenance, non paying tenant, etc, then you are really in a bind and obviously that comes out of your personal funds3.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!