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Updated about 10 years ago on . Most recent reply

User Stats

36
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2
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Tyler Divine
  • Real Estate Investor
  • Wheat Ridge, CO
2
Votes |
36
Posts

Markets with growing opportunity

Tyler Divine
  • Real Estate Investor
  • Wheat Ridge, CO
Posted

Hi All!

So what's new and upcoming in the US? Lots of hot, sellers markets. I'm in Denver where there is clearly opportunity - but A TON of competition and purchases OVER asking price. 

Are there other cities in the US where flipping is attainable with a decent spread currently? Looking for up and coming markets and any information anyone wants to discuss! 

T

Most Popular Reply

User Stats

957
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740
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Braden Smith
  • Investor
  • New Orleans, LA
740
Votes |
957
Posts
Braden Smith
  • Investor
  • New Orleans, LA
Replied

@Joseph Danehower I'm a local Realtor and investor in New Orleans who works with many local investors. You are right about the market being very competitive, especially on distressed properties. You can thank all the real estate investment "gurus" for that. They have been coming to Louisiana non-stop for the last couple of years with their seminars and have now created a plethora of wannabe investors who have no idea what they are doing. They are driving prices up by bidding with each other and paying too much for properties, and in turn ruining the investment game for those that do know what they are doing. It is pretty much impossible to find a good deal on the MLS at this point and very difficult to even find a good deal off market with all the so called wholesalers out there trying to make huge spreads and others jumping on the daisy chain with mark up after mark up. Im afraid our market has reached a point of complete saturation as far as investors are concerned. Too many people trying to make buck off the same people and properties.

  • Braden Smith
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