WAY TOO MUCH INVENTORY!

[Laurence Obi]

For those who are seasoned RE investors,

what does it mean when there's loads of inventory in your local market?

Just yesterday someone decided to drop a 33 house portfolio in Decatur! An area where I shop fervently. 33!!!

He's going for $155k per door regardless it's value.

Is an increase in inventory a good or bad thing? Becuz I'm witnessing an overflow of inventory in this market.

Thoughts?

[Laurence Obi]

Originally posted by @Ned Carey:

Supply and demand. The more the supply the better for the buyers. The less the supply the better for sellers. 

Hi Ned, looks like I spelled your name wrong in a reply. I said "Nerd" and now it's become a joke. I'm so sorry. I've tried finding a way to delete it and can't seem to see how to. I apologize