Denver Investors - how are you doing with the craziest sellers market in history?

[Mike F.]

Just wondering how investors here are doing and dealing with this crazy market where homes are selling almost instantly as soon as they are listed and bidding wars are common? 

I saw that inventory is down to only about 4000 homes for sale in the entire area, down from a high of 24,000.

How has this been effecting your business?

[Bill S.]

I'm selling one of my properties that has high value and low rent, Forget the 2% rule, this place is about the .33% rule.

I'm using the proceeds to pay down debt on others to increase cash flow. When the market turns (and it will someday) I can either use the cash saved from cashflow to buy again or tap into the equity to buy again.