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Updated about 1 year ago on . Most recent reply

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104
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19
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Vincent Plant
  • West Chester , PA
19
Votes |
104
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Getting to the next level? Feel Stuff

Vincent Plant
  • West Chester , PA
Posted

I have been investing now since 2018. Things have gone well! I’ve got a handful of rentals that cash flow, I have 2 active bnbs that produce, I’ve brrrr’d, I’ve flipped. I am sitting on more capital than I ever had.

I just feel like the market has changed so much now that I can’t make the same moves. In my market I used to be able to find properties under $150k, and get an interest rate under 5% and the #s worked beautifully. Not now.

I can’t find any deals that make sense, and when I get something that looks decent it’s swept up immediately. I’m always looking for the big 3, buy and hold as a rental, buy and sell, or buy and hold as a bnb.

Anyone doing things in this new market that have been working?

Most Popular Reply

User Stats

201
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173
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Mackenzie Grate
  • Real Estate Agent
  • Ulster County, NY
173
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201
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Mackenzie Grate
  • Real Estate Agent
  • Ulster County, NY
Replied

I feel like this is a common concern most people have. The only way I have found to get around it is to do bigger rehab projects that scare people off. Look for the houses that have a problem that no one wants to touch and develop that as your niche. Maybe it's mold? Maybe it's foundational issues...whatever it is build a team around that. That is where you can still get the good deals but it does take a lot more work.

Good luck! We are all able to relate to this challenge you have for sure!

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