Have You Noticed Things Are Getting Tight?

[Jeff Morelock]

People think I'm lying when I tell them that its almost impossible to buy at 65 - 70% of ARV these days.

I've had investors tell me they pass on anything above 50%. My reply is, "Call me if you find anything at 75% because there's a good chance I can sell it at 80". 

Im my little REO niche, everything decent in is an "highest and best offer scenario" yet I still have buyers telling me to offer at 40% ARV.

What's your RE world like these days?