Money.com: Amateurs flooding the market

[Glenn Espinosa]

Here's an interesting article I read this morning that pretty much reiterates everything we've been talking about here on BP the past 6 months:

http://money.cnn.com/2013/05/20/real_estate/amateur-investors/index.html?iid=s_mpm

I have nothing against new investors but I can't help but cringe at some of the "deals" I see people snatching up in my local market. If anything I question their timing.

I know a lot of guys are transitioning from flipping to wholesaling and prehabbing. Some guys are getting out all together and waiting for the next bubble. I, for one, am starting to become leery of acquiring anything right now. But, I admit, I'm quick to jump off the wagon on everything I do.

How are you guys adapting?

[John Thedford]

I am an amatuer too...but will be a "PRO" as soon as I upgrade:)