The Changing Real Estate Climate

[Zachary Dosch]

I'm curious - as the real estate climate is changing (more strict underwritting, local economic factors, law changes, ect.) are you adapting your business plans and if you are, what particularly are you changing?

Personally, where I live an invest is a very healthy, groing, sellers real estate market. Apartment complexes are going up like crazy and home prices are really starting to increase at a faster than normal pace. While I would like to get my hands on a solid 4-12 plex, they often times sell before they even hit the market so I have been doing a different direction - SFH.

There are only 2 foreclosures in my entire area and they go for full market value so they aren't worth the hastle. There really aren't that many great deals out there.

The logical real estate investor would say that its time to sit on the sidelines for a little while but the rents may be increasing faster than the prices of these units so the numbers still work.

The deals that some of you are coming across are making me jealous but the more I think about it, the more I like a real estate climate like mine.

Thoughts? Comments? I would love to hear how each one of you are adapting to your situations.

[Steve L.]

You can market to people who own raw land and wholesale that land to builders? You can work with builders and help them find clientele that will put a deposit on product? You can master lease property and collect the spread? You can do Lonnie Deals on mobile homes.

Or you can look in other areas or invest with some of the out of state companies.