Looking forward to connecting and seeing how we can support each other's goals!

Purchase price: $Cash invested: $Completely renovated SFH, 3/2, built in 1999, 1214 sq ft with a new roof installed in April 2024, state-of-the-art smart LG appliances, and luxury vinyl plank flooring throughout.

The purchase price is $27,500.

I was digging online and saw that there's has been a 20% increase in sales price from last year according to Redfin: https://www.redfin.com/neighborhood/288459/CA/Bakersfield/Oleander-Sunset/housing-market

Our mission is to make owning rental property easy.Looking forward to engaging with this awesome community, sharing insights, and learning from all of you.

I wouldn't expect much pullback in price unless there's a 2008-style crisis. 

It says "Profit = sales price - purchase price - expenses"  Even on the levered fix-and-flip deal example it gives the full purchase price. 

. =) Anyways, def check out lendingwise.com just launched a new site with  new products, new pricing and services for lending website templates, & outsourced processing. 

.- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k peoplePurchase Price: $660,000Appraised Value at Purchase: $730,000Interest Rate: 6.625% - 30 year fixedDown Payment: 10% / $66,000Cost to Make Rent Ready: $14,000P&I - $3803 T&I - $898Total PITI - $4701/moCapEx, Vacancy, Maintenance - $1099/moTotal Monthly Costs - $5800/moCurrent Rents - $3800 (3 units)Fair Rents ~ $5000 but will likely only charge ~ $4500 to start.

Purchase price: $35,000 Cash invested: $280,000 Sale price: $440,000 purchased vacant lot, built home, sold How did you find this deal and how did you negotiate it?