20 months ago, interest rates were prolly much better which makes sense that the value of the house is down given interest are higher.The thing with low priced properties is that you have to hit close to 1.5% rent to price ratio for the numbers to make sense.The thing is that the cost of rehab, for the most part is the same regardless of how cheap or expensive your property is.Roof replacement isint cheaper because you have a cheaper house.HVAC Replacement isint cheaper because you have a cheaper house.It looks like your appreciation and cash flow are negative.Unless you anticipate them to change, I would sell it.

I was wiped out as second lien holder which got me to thinking about legitimetly becoming a private lender.My question is if I already make 7.5% off a few of my 250k condos, then how does private lenders (not hard money lenders) make money off charging 7-8% returns when they can just purchase condos in cash for the same CAP rate?

FINAL NUMBERS:- Projected Costs: $380k ($357k in build cost & $23k in soft costs)- Actual Costs: $389k ($369k in build cost $20k in soft costs)Note: We had very minimal carrying costs because we utilized a CA HELOC with Premier Valley Bank that had a 2.99% introductory interest rate.- Projected Finished Value: $750k- Actual Finish Value: I think between $800-$850k, not sure yet.

These include irregular but inevitable expenses, such as vacancy rate, repairs, maintenance, accounting, insurance, property taxes, and property management.

The interest rate is between 7.95% and 9.95% depending on credit score.

Is that really what other investors have for their mortgage rate?

(As mentioned, it doesn’t matter how long you hold a flip, it’s still regular tax rate, it’s inventory in your real estate selling business, not an investment.)

Locally it's tough to find deals that pencil out right now due to prices and rates, so househacking is a great way to invest in the Twin Cities market. 

Rates are much more favorable compared to an investment property. 

Average occupancy rates for Ashford & Packwood are around 60-68%.