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Updated almost 2 years ago on . Most recent reply

User Stats

139
Posts
95
Votes
Wendell Butler
  • Investor
  • Charlotte, NC
95
Votes |
139
Posts

Feeling In a lull

Wendell Butler
  • Investor
  • Charlotte, NC
Posted

Anyone else feel in a real estate investing lull? I’ve been underwriting deals here and there, and almost every one I underwrite does not work at their asking price. Most of the time it only works at about half of their asking price!

I am in a booming market (Charlotte, NC), and I also look at the northeast (CT/MA) for deals, but I feel burnt out just constantly underwriting and seeing terrible deal after terrible deal.

Who are buying these anyway? How do you even make these numbers work in this market? When do you think this seller/buyer standoff will end?

I know there are probably some markets across the country that are in a little better shape, but I am not yet comfortable investing in places I have not been to, or have connections with.

Anyone else feeling this way?

  • Wendell Butler
  • Most Popular Reply

    User Stats

    193
    Posts
    160
    Votes
    Jevon Shaw
    • Investor
    • DFW, TX
    160
    Votes |
    193
    Posts
    Jevon Shaw
    • Investor
    • DFW, TX
    Replied

    I can empathize to some extent. There's still some sellers/realtors who are operating at the peak prices we saw months ago, and not willing to budge. They'll come down after 5+ weeks on the market. Just gotta be patient

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