Pretty much any market right now is going to seem overpriced when you look at price to rent ratios and it's a rocky time to start flipping with rates doubling in a couple months.

Purchase price: $204,000 Cash invested: $50,000 1300 Sq ft 3 bedroom 2 bath with an large 2 car garage sitting on a solid acre of land in Clayton NC.

Prices in DC go up 5% per year on average.

Based on the numbers, the sellers price is too high, their interest rate is too high, rents are too low. 

And, you can frame it like a HELOC, at about half the price. 

Your gain is your sales price minus your purchase price, adjusted for closing costs and improvements.

Good price in a developing neighborhood near downtown Houston.

Granted, North side appreciates better, but South and Southwest side cash flow, and are appreciating more as they get discovered by people priced out of North side. 

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!

This equity is going to be the base of further investing for financing.2 - As part of the new house build, we had to buy an adjacent lot (great price, mountain views, owned outright).