Syracuse NY investors???

[Greg B.]

Fellow Syracuse investors, how is the market treating you?

Over the last couple of months my incoming call rate has dropped drastically and the calls that are coming in seem to be mainly tire kickers. I'm finding myself kind of breaking my own rules and making offers higher than my highest offer. I need to stop that before I get myself in trouble with myself because someone is making offers higher than I am.

Is there something going on? Have renovation costs become cheaper all of a sudden? Are rehabbers accepting slimmer margins? Are sellers becoming even more unrealistic?

This is a post born from frustration. Any insights you may have would be greatly appreciated.

As always, thanks

[Tom Chen]

@Peter Bardou, I'll be there.  I'm coming up from Long Island.