Flipping slowing down in Chicago? cook / dupage county

[Robert Obniski]

Hey everyone,

I hope this discussion will reach people in the Chicago land area.

As the title states my question is if in the general area of chicago, is flipping getting more difficult?  

I want to ask this in 2 ways. 

1. Have you noticed a lacking number of deals out there since this past winter? I understand the deals are 'always out there' but to the not-so-well-connected, it appears as if the deals out there arent deals at all. Which kind of leads to my next question..

2. Ive noticed that not only the number of foreclosures is down (which is good in the big picture of the American people and economy) but those that are out there have such a small margin for asking foreclosure price and regular sale price. Is the ARV increasing to compensate?

How many others ave noticed this? 

Or maybe that I have shifted my focus to getting my broker license for the past few months that im just 'out of the loop'

The real reason I ask this is because im kind of in a personal dilema of where do I shift my focus to at this specific time? Im of the mind that I can use my working time to  search, contact, analyze, etc properties for flips or I can use that time and energy for networking, finding leads, establishing my brand, etc

--I do expect this to be somewhat biased as this is a real estate investors website.

Look forward to hearing some input on this!

Cheers!