I have a duplex near Centennial Park that I am currently rehabbing and plan to MTR to travel nurses (close to major hospitals).

However, new construction starts have plummeted since 2022/2023, so within the next 1-3 years current projects that were started in 2022 will finish up, but the pipeline of projects that started in 22/23 is way smaller so projects being completed in 2025-2028 will be significantly less so supply and demand should tip back (all else being equal).

I am unsure of the circumstances, price, owner interaction, condition, but in the current market it is taking about 2 months from vacancy to move in.

Floor rate is currently 5.25% with a large buydown. 

Investment Info:
Single-family residence buy & hold investment.

Purchase price: $252,000 50% owner

House hack worth $400k owe $200K

What made you interested in investing in this type of deal?
Bu...

Storage units, industrial, raw land, development (a form of value add), zoning changes (a form of value add), office, hotel/motel, NNN, etc.  

Hi all, new here at the forum and thank you all for all the knowledge you guys share…its amazing.I am interested in this question as well as we just got back into this from like 10 years ago, few things have changed for us, and the main one is finding deals with whole sellers, sometimes the price looks good, but once we add numbers we are currently seeing that everyone else in the deal makes tons of more money than us….for instance, we have checked properties now, where we pay closing cost, interest on a portion of the borrowed money, commissions after selling the property, etc and we see 30-40k going out on all of this,  then we barely make a 20k profit or less on a property of 200k …many of the deal we found we barely get close to a 10-15% of the initial purchased price, which to me sounds like a lot of hassle and my wife says that i am getting old and too picky :)i keep saying that ideally we should shoot for 15-25% profit from the purchase price…if i get a property at 200k and the rehab is 50 and everyone else makes 30k then we should at least net out 30k as well.

Awaiting an answer from my banker on what their current rate is on a HELOC (smaller local bank that tends to be investor friendly).. curious what thoughts are on HELOCs in general right now for such things?  

Ask to speak with some of their current owners and current/former tenants.

OrDid you start your real estate journey not as an investor but as a full-time employee in a real estate related field - lending, contracting, working for a developer, etc?