How Can I Buy And Wholesale When The Market's Hot?
Hello,
I have already developed a pretty substantial list of investors and individuals interested in buying a property from me wholesale (I'm looking to buy and flip to them).
I live in Las Vegas, where the market is so strong, that I think it would be hard to make deeply discounted offers with the hopes of getting them accepted. Some people have actually been making offers over the asking price.
Now that I have people who want to buy, and hope to find more, how can I locate the properties to flip to them under these strong market conditions, and for what type of discount?
I'm just concerned that if I make people lowball offers in this real estate climate, I'd be spinning my wheels.
Thanks.
Check out scr2001's post on the beginners forum entitled " Why Has The RED HOT Vegas Market Slowed So Much?" you will note that the two of you have very different understandings of where the LV market is right now. This is always true. Your experience and some other investors experience are never exactly the same. Go find one of those disappointed sellers, make a low ball offer and you are off to the ballgame.
Or not. Depending on who's view of the market is more accurate. The joys of Real estate-- you pays your money and you takes your chance.