In some cases, after crunching the numbers, the profit margin was so slim—or even negative—that I had to pass on some promising opportunities.Here’s my situation: I currently own two properties—a primary residence and a rental property—both of which have substantial equity.

The odds of that happening in 2025 are pretty slim.

😳This is caused by a combination of buyers not being able to afford to buy with interest rates back up above 7%, and seller’s not wanting to budge on their sale price...a standoff.My guess is 2025 will likely be just like 2024 and 2023 if rates stay above 6%....

I wouldn't bother investing outside of the big city centers, nor buying anything younger than 30 years old. 

Just stating that waiting will also likely make the cost of what you want to buy go up if the last 98 years of real estate data provides the future direction.

I would compare it to you or the Seller buying down the rate permanently.

Does anyone have experience buying properties for cheap from land banks, renovating them, and renting them out/selling them?

Hi @Ken M. how are you getting around the due on sale clause being called when buying them sub to?

What ever you're doing to find/buy/create deals is working.

That being said, I don't have the information I would need to say for certain, but that sounds as if that's a high price for the asset you're considering to buy.