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Updated almost 9 years ago,
Crazy market
How are all of my fellow investors doing out there? I don't get on here quite as much as I should probably. I am an active, full time real estate investor who made to leap from my full time job working for the man about a year and a half ago.
I've been flipping houses for a lot of years. Followed the market up and down and getting frustrated each time I have to figure out what I need to adapt to. I know it's the job. I also know that it's a very crucial part of the job. It only takes one mistake to lose your butt. Anyhow. Obviously right now is a terrible time for an investor to be buying off the rmls or buying REO. These avenues work in certain markets but in the current market there's no money to be made there. When ever anything with a little meat hits the open market its like tossing a piece of meat into a pool of piranhas.
I know where investors need to be looking in times like these but it's still obviously a very sensitive market. I am really curious what other investors think of our current market and see what some of the things you all are doing to adapt. How long do you all think our market will be like this before it peaks and curves back to reality. Or do you think this is our reality? Obviously nothing in this business stays the same for long and inventory available is what drives situations. I just am curious to hear what y'all think. Happy investing!