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Updated almost 12 years ago on . Most recent reply

Terry Mccasland's profile image
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Terry Mccasland
  • from Dallas
  • Member since Feb 26, 2013
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Terry Mccasland's profile image
Terry Mccasland's profile image
Terry Mccasland
  • from Dallas
  • Member since Feb 26, 2013
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Terry Mccasland
  • Dallas
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Buying & Selling Real Estate

Seeking advice on buying in a hot market

Terry Mccasland
  • Dallas
Posted

Does anyone have advice on buying in a hot market?
Tucson and other areas of the country are very hot where multiple cash offers and selling prices are 98% of asking price. Do the rules of thumb still apply (70% rule for flips, 50% for buy, hold, rent) Thanks in advance for any comments

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Arthur Garcia's profile image
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Arthur Garcia
  • Specialist
  • from San Dimas, CA
  • Member since Mar 21, 2011
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Arthur Garcia
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  • from San Dimas, CA
  • Member since Mar 21, 2011
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Arthur Garcia
  • Specialist
  • San Dimas, CA
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Arthur Garcia
  • Specialist
  • San Dimas, CA
Replied

Thanks Brandon Turner! I have two words for you Terry Mccasland: DIRECT MAIL!

In a hot market, you have to source your own deals. Find a farm area and market, market and market. You might have to spend 3-6K before landing a deal, but it at least you going to be taking action instead of getting priced out of the market.

AG

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