COVID, 2008, lumber costs and the current lending environment have created a perfect storm on the supply side.

You also become a CEO, meaning that you may maximize your returns by unloading unprofitable/marginal or troublesome properties and expanding into better investments.

I'd still love to hear your comments on why or why not to include this as a strategy.Sara, if the deal is carried out honestly by the buyer, adheres to everything agreed to, it's a nice way for the seller to unload his home.

The labor shortage we are experiencing in construction trades alone drives these prices higher, combine that with the movement in the cost of lumber and you have a mess on your hands.

With the Lumber Mills fronting 100% of the money with no interest on those loans.5.

Lumber quality today is mostly trash.

@Dave Fontana If you get hung with a property but cant find a contractor and want to unload, I could be a buyer if it has retail flip potential in A,B areas.

As far as buying directly from banks, that is possible but you either need a large capital outlay to take down a large pool of NPLs or deal with local portfolio lenders who may have some assets which they need to unload. 

PS - my husband works for a lumber company, they did this home.

I've seen some folks unloaded Meadville rentals after the college created the 4 year residency requirement.