Not the first won't be the last.This will depress home prices as people liquidate their STR's in the area.

It is a newer hill top build in an older neighborhood with a 500-700k price range.

Approximately what % of sale price do GC's make?

Purchase price: $40,000 Sale price: $78,500 Contributors: Peter Vekselman Partner Driven, in collaboration with Julie Bilyeu, successfully completed a sale on South Holloway Church Road, Lexington, NC 27292.

Question:  If you still go with the buyer that put the memorandum on the property, do they have to honor the price of the original contract that they put the memorandum on?

It is built very nicely and currently being rented for a pretty good price.

Purchase price: $310,000 Cash invested: $15,000 Sale price: $425,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Carriage Lane, Oakdale, CA.

And they have throttled way back since 2008 for obvious reasons.

1438 Dr Martin Luther King Jr Memorial Dr Crawfordville, FL 32327Minutes away from the beaches, lakes, and the city of Crawfordville, FL 2 story 3 bed / 2.5 bathPurchase price: $95,000 Inspection: 15 daysEMD: $500 6/29/2024Est.

You can find lower priced homes in that area, which sometimes makes it easier to hit the 1% rule that many people try to use.