Feeling In a lull

[Wendell Butler]

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?