Re-sells are having a hard time competing bc Hortons Lender is offering much lower interest rates plus $$$ toward upgrades/buydowns/closing costs.Anyways just thought I'd share what is going on in my market!

Higher closing costs usually come with lower rates, and lower closing costs usually mean higher rates.

If you mean actually closing deals, I would say taking action and submitting offers, even much lower than asking.

The biggest challenge is getting owners to understand this as few actually follow any industry data.One of the risks this will cause is lowering of screening thresholds to fill vacancies. 

Until this is addressed, hand wringing and clutching pearls while waiting for the Fed to lower rates is an exercise in futility.

Purchasing in a more desirable area (A or B neighborhoods) typically allows you to attract higher-quality tenants, reduce vacancy, minimize evictions and cut down on long-term maintenance costs, especially important since you are not hands-on with repairs.C and D areas may offer lower purchase prices but they often come with higher turnover, more repairs and more management challenges.

This enables our renovation vendors to provide lower labor costs.Standardization: Since 2017, we've standardized all major renovation materials—flooring, paint, fixtures—across all renovations.

This is a lower risk way to get into the housing market as well.

The entry point in OKC is certainly lower than the Dallas area but rents are also lower so you need to adjust for that as well.

Your shift to land flipping and wholesaling is a smart pivot, those strategies can offer quicker turnarounds and lower capital intensity, especially when financing gets tight.