So that delayed our progress a little in escrow, but it was quickly resolved.

@Diara Campbell I see your post is about 4 months old--I'm wondering if you've been able to progress toward your investing goals?

The ARV on a deal I'm evaluating is $400K, with the comp selling in January 2022.This would be my first flip after having done renos and BRRR and I'd be interested to hear thoughts on the rising interest rates, flips, using the comp as realistic or if I should plan for a lower sale price, given where interest rates are now vs 6 months ago.

Looking forward to both of us progressing!

Ideally, you want to focus on markets that are driven by industries that are resistant to economic changes such as healthcare, logistics, and hospitality.When evaluating a specific property, be sure to look up rental rates, vacancy rates, and rental trends for comparable properties in the area.

I will be reaching out via PM to those who offered, we are excited to connect with everyone and look forward to sharing our progress along this journey. 

Hey BP! Fairly new to the forums and on the fence about this deal-- hoping to get some advice!I've been negotiating with the seller for a month now and I got the price down to $625k.  Initial price was 750k. I've put ...

So my advice is that you either invest in a professional consultation with an experienced accountant to evaluate your entity options - or create no entity whatsoever and just do your first deal under your personal names, with adequate insurance in place.

That might be a friend you know, a very good realtor, or a very good property manager.Have them recommend their subs and ask them to check on and verify progress is being made. 

After evaluating our strengths and weaknesses we are ready to take the leap and start the journey.