New construction in a saturated market isn’t always the best play if you’re looking for steady returns.A place like Rochester has way better fundamentals—lower buy-in, strong rent-to-price ratios, and stable demand from universities, hospitals, and major employers.

The way wholesalers get around this is by claiming to simply be marketing the contract and not the property itself (hard to do legally), or by doing a double close (buying the property then reselling it immediately).

Knowing what to budget for when buying a home may feel intimidating — but it doesn’t have to be.

You can quickly see why looking at this graph - https://www.visualcapitalist.com/buying-vs-renting-house-in-...You can see how in 2015 the average mortgage was cheaper than the average rent, so it was easier to make the math work with light value add and just buying single family homes.

I'm not sure who is buying that paper at 85% but I hear its out there somewhere.

Quote from @Arthur Savery: Quote from @Jaycee Greene: Quote from @Arthur Savery: Investment Info:Condo buy & hold investment.

@Derick JenningsRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You are correct, buying a four plex is tricky here putting 3.5% down.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Buy a quality couch from a US manufacturer and their fabrics are usually excellent.