Hi Ian,I might do that deal if I also felt that the rental amount was projected to go up (like in a high growth market) or if appreciation looked to be promising and I wanted to exit the investment in a short period of time but in general, by doing the deal with only a 6% profit, the margins are slim to make it worth it in the short term at least.~ Lindsey

Or get a tenant in there at market rates? 

They also don’t like loaning into markets they are not familiar with. 

Generally that's going to mean buying something under market (per sf) because it needs some attention, fixing it up while you're in there, then moving on and doing it again.

That will help break down that market and give direct insight on deals there.

High interest rates are causing price corrections in specific markets across the USA that saw massive growth and transaction volume in 2020/2021 due to low interest rates.

I’m trying to stick to a market with properties less than 200k.

Are you looking to do private lending or buy notes on the secondary market?

It’s been on the market for 30 days at this point and I’m worried that I’m not going to find someone to rent to.

Go to ReventureApp.com and put in your ZIP Code to see the condition of the Market in your area.