Interested in what other investors are paying? Link here

[Ed Wood]

I get a ton of frustrated investors being beat out by other offers so I thought I would pull a list of Sold, Paid Cash, Fixers list for Orange County CA. Compare what you've been offering to what other investors have been paying. This should help you strategize for your next offer.

Orange County last 90 day Closings List here

Stats:

If anyone is interested I can post Los Angeles, Riverside, and San Bernardino Counties.

[Account Closed]

Originally posted by @Edgar Castellanos:

Thank you for sharing. Marie can you please expand on what your saying I think its true and very important. What type of skills do you believe give us the most advantage. thank you.

My point is that if your competitor is offering $250K on a $300K asking and you've already crunched and re-crunched the numbers and can't make your minimum profit if you pay more than $225K, then knowing your competitor's offer isn't going to help you better your offer. If your market is very tight and you hold back on your max offer, you may well be wasting time.

The real learning would be knowing if and how the competitor makes money by buying at $250K when you can't go past $225K. Is their margin lower? Crews cheaper? Loan funds cheaper? Is their ARV higher than yours? Are they inexperienced and just hoping and wishing.

I look at everything that sells that I make an offer on. And then watch to see what the exit is. I want to know what I missed. Sometimes it's exit value, but many times it's because I'm just super conservative on repair costs and big on profit. Sometimes the buyer is an owner occupant or landlord buyer with totally different or non-existent profit needs. But usually it's because I'm unwilling or unable to work the thin margins other investors can/will.