Have you ever have a realtor laugh at you and tell you to get in line when you say you want to buy a distressed property in cash? This happened to me and I'm beginning to wonder how saturated the market is with money.
My soon to be wife and I were considering moving out of NYC to Miami for a few reasons; her family is in miami and money goes alot further there. I currently Flip and Wholesale in CT and although I find the challenges here to be fun and exciting I see how much money I pay to hard money lenders and how easy it is to stumble across high risk homes that are over a hundred years old.
So Miami might be the answer, the homes are newer and cheaper and the weather is great! (haha) I have the cash and knowhow to flip what surprised me is how rude the realtors in Miami were to me when i ask for them to send me any foreclosures or homes in need of tlc. I was fortunate enough to have friends in the tristate bring me into this field and now I'm wondering how to break into a new "booming" market, apparently real cash doesn't speak volumes like it did 4 years ago.