They are asking $375K but not getting it - so not quite $20k underwater from asking but they're offers so far are around $350k and lower.

Buy & holds are very underwater right now.

There's also no saying when you re-finance you aren't already underwater as is.

Richard and his team look for houses in certain markets where the seller is nearly underwater and would have to pay money out of pocket to sell their home.

During the Great Recession I found my two-story house which I had purchased from HUD for 72K was suddenly under water.

Forced appreciation allows me to build equity from the beginning of the investment, so if I need to firesale for an unforeseeable reason, I will not be underwater.

Right now in Raleigh, as I am closing on my final houses for 2023, there's lists out there that are underwater.

Electric was ~$600/month, now offset by a fixed solar lease at $321/month + $25/month to the electric company (history available).Upgrades: Brand-new HVAC system and fairly new appliances throughout.The Catch: I took out a HELOC last year to support my business; current balance is $98K.The Situation:With the HELOC and mortgage combined, I’m underwater on equity, but the low-interest FHA loan and property upgrades might make this appealing for the right investor.

We have a couple of clients that are deep underwater with their purchase, because they relied on what a realtor told them or what AirDNA told them.

Sure rent has increased, but the number will put you massively underwater right off the bat.