Those YoY #'s are on the median sale price as of Feb 2024.

Question- do you think cap rates have increased similarly in the Southeast as the rest of the country, or is it less so because of the advantages you've described?

That saves you $150 per month right out of the gate but it will probably be offset by the closing costs and the increased rate.

I assume a new HVAC will increase appraisal?

Also, full disclosure - I have utilized creative financing & transaction structures (installment sale transactions, had the seller take back 2nd position notes, baked brokerage fees into the agrement of sale  in off market transactions to name a few), so I am not opposed to it, but they were utilized in very unique and circumstantial land entitlement transactions. 

Purchase price: $220,000 Sale price: $232,000 Beautiful cosmetic remodel that I wholesaled in Grafton, MA.

Ideally, they could request a rent increase and the tenant could qualify for 100% assistance going forward. 

Purchase price: $161,500 Cash invested: $46,000 Sale price: $265,000 1915 old house comes with a lot of lessons to be learned !

Next house was a probate that took 6 months to close : used bank financing and turned that $25,000 to $43,000 ... next we flipped a short sale.  

Purchase price: $135,000 Cash invested: $15,000 Found a great starter home for sale that needed light cosmetic work.