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Updated over 4 years ago,
Low Inventory and High Demand
I am doing the BRRR strategy and I'm finding it difficult to find good deals in several states because of Low Inventory and High Demand. When I run the comps from 6 months to a year ago I'm finding that the ARV is less than the 70% rule because of the fact that the homes that sold in the past 6 months to a year sold for less money due to supply and demand.
So my question is... who is running into the same issue, and what advice if any would you suggest on overcoming this trend I'm seeing?