What are you guys seeing in your market?

[Sharad M.]

Hello all,

I was just curious what you guys are seeing in your market in terms on demand and supply shifts.

I will share a brief summary of what I am noticing in my market.

I invest in NW Indiana market and the last few weeks have been very active. Currently, I have 16 projects going on at different stages - 4 are closing in next couple of weeks and rest are ongoing rehabs and hopefully, I will be adding few more to the list in next few days. The projects range in price from $80k-$550k ARV. 4 are fix and flip to retail buyers and rest are Turnkey properties.

The acquisition source is foreclosure auction, wholesalers, MLS and directly from lenders.

The prices in last year in NW Indiana market have increased 10-15% and the demand doesn't seem to be slowing down at sub-$250k price point. I have been investing in this market for last 7 years but last 12-18 months, the demand from investors has gone up like crazy.

The prices seem to be close to their peak (not factoring for inflation) and IMHO there is room for another 15-20% increase in next 12-18 months.

What are you guys noticing in your market? Are things picking up, slowing down or staying the same?

Best wishes,

Sharad

[Ray Jansma]

Sharad M. Just curious, you're not holding the properties for rentals for the ones lately? Change in strategy, and if so why? And I agree the investor demand is really high right now and I'm seeing deals that are just BAD being scooped up at too high of prices for it to make sense for the investor . Cheap doesn't always mean it's a good deal. Hoping some of these investors learn from this soon as to stop paying market price for rentals Bc they're prob making very little to actually losing money by the time it's all said and done. I can't imagine a lot are running their numbers correctly conservatively. It's running up the prices for the sound investors. Oh well jw your thoughts. 16 in a month is a ton, that's awesome that your system is that much of a well oiled machine!!