and it does not look like this is about to change.A few years ago all these numbers were lower, so in my book not that much of a difference.  

As we approach 2024, which markets are you all looking more closely at for fix and flip projects?  

The cash out refinance is going to offer a longer term (30 years) and usually a lower payment. 

If you were to buy a $100,000 home you would need $10,000 + closing costs to close.

As the title says, I'm interested in acquiring a STVR property in an area that has both summer demand for lake recreation, as well as close proximity to ski resorts. 

Quote from @Account Closed: Quote from @Carlos Handler: Hi everyone!

So they'd loan about 450k if your ARV is 1M (assuming this ARV is accurate), and then you can get a gap lender for the difference (180k plus closing costs/points/etc, holding costs).  

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If it is a refinance, we would look to pay off any current mortgages, finance the closing costs, get some cash-out if desired, and fund the rehab. 

 $150/month is nothing… and given your closing costs of say $16,000 if you sell, it would take 8+ years to recover that $16,000 at $150 per month.