Adding to this, retail and food service sales released today were up $709.9 billion, up 0.6% MoM in December and 5.6% YoY.

Purchase price: $32,000 Cash invested: $92,000 Sale price: $169,000 This thing was rough.

Assumption takes 90 days, this is not a plan.You need a huge down payment to make the difference between loan of $200000 and sales price $650000.I like the idea of a reverse mortgage.

Here are stats for December 2023 - Waterford had only 4 sales!

My name is Justin.I have worked in the property industry in the UK for a number of years, in Property Management and Sales of Rent 2 Rent holiday villas around the Mediterranean, as an Estate Agent and Deal Sourcer and now in Conveyancing.Over these years I have helped many home buyers and investors on their property journey but now in 2024 my focus has shifted to how I can transition into a real estate investor in my own right, and build my own property portfolio.I have been a big Bigger Pockets podcast listener for a number of years and I have found it to be a massive motivation tool in my working life but I am super excited to now lean on all the amazing resource as I commence my own investment journey.I am originally from Australia and have spent the last 13 years living in London, UK.

I would not bet on it in this market - distressed properties, even the ones at the sheriff sale, seem to be selling at close to ARV. 

The properties I'm looking at combined, require a downpayment of less than the profit I'll get from the sale of the house. 

If the property was ever a rental you will still need to pay depreciation recapture on sales. 1031 Exchange defer the taxes on capital gains on sale of a rental property if you meet the requirements....This post does not create a CPA-client relationship.

Any term specific insights such as LTV, rates, length, length of shown revenue needed, specific lenders that have a product for this and most importantly how they valued the property. 

You may in theory, potentially be able to take a loan out on a balance.I.E. someone has $100,000 in value somewhere(such as a retirement brokerage or brokerage account) that acts as collateral if something goes wrong, towards a loan amount.You would have to speak to a couple of banks to see who would do this and what the interest rate of the loan product would be.I think the likely easier situation would be if there is a distribution taken from the retirement account(taxable income if traditional retirement account) which is then lent to you.