Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

130
Posts
16
Votes
Mike Lynch
  • Shallotte, NC
16
Votes |
130
Posts

Having trouble finding investment properties in my area

Mike Lynch
  • Shallotte, NC
Posted

Well Folks, we have some great news. We closed on a home last week and close on another home that we have been working on for quite a while on May 23rd.

Not so great news: ... There is a huge Real Estate shortage in my area. Realtors are telling me that they have never seen such a shortage. It is so bad that beat up mobile homes with land are now selling for what nice foreclosures were selling for several years ago. I have been running ads on craigslist for several weeks and have not received one response. The websites and newspapers have nothing. People can't find places to rent. I run a small plumbing company and can't really leave the area to flip homes, due to my business.

Funny thing is, when I had no money, there were tons of homes for sale. Now that we finally have some investment money to play with, it is as dry as a bone around here and home prices are on the rise. There seems to be more investors around here than sellers.

Any ideas?

Loading replies...