How are you guys keeping busy at uncertain times like these ?

Question

Hello Everyone,

With market being uncertain how are you guys wholesaling deals right now ? Are you guys getting good deals ? Are investors buying ?

Francisco Milan · Answer

For sure is I know many are saying deals are still out there but lets be real here. We went from 3,400 active SFR listings to like 12k give or take here in Phoenix, AZ. With that said that means there is more competition, few months back you could lip stick a home and throw it up on MLS and you would sell it we are facing a few hurdles

-Homeowners thing their home is worth a market price even though it needs a lot of work

-Interest rates have wiped out tons of buyers from the market

-And now we have way more listings on the market

Something has to happen here soon I just think its a matter of time.

Lamar George · Answer

I actually think that many are being pesimistic about the change in the market. This is a great time to wholesale. The market will continue to see low inventory. The last 2 years was like the wild west in real estate. The days are gone where locking up a deal at 75-85% of ARV is not going to work. We need to get back to the fundamentals of wholesaling. Yes buyers are tightening up their criteria. All this means is we go back to the fundamentals. In fact I believe that the best option for wholesaling is to learn how to do creative finance especially with more foreclosures hitting the market.

There are deals out there. Myself and many others are still finding and wholesaling deals. Don't let the noise of speculation affect your mindset and ambition. Get out there and keep the hustle moving. We are still helping wholesalers sell their deals. Buyers are still hungry they just decided to eat a little healthier.

Jose Jacob · Answer

I guess it all depends on the location.  I am in Long Island NY. I don't see anymore long lines in open houses but still selling close to asking price within 30 days

Francisco Milan · Answer

You coudnt have said that any better.

Kerry Noble Jr · Answer

its definitely been an odd time for me.......getting a lot of lowball offers.....stuff thats not making sense.....

How are you guys keeping busy at uncertain times like these ?

Most Popular Reply