Markets with growing opportunity

[Tyler Divine]

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

[Braden Smith]

@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.