Investor Competion - Old Days vs Now...
OK, a question to everyone that's been doing this for ages (>5 to 10 yrs).
Do you find now that there has been a great influx of newbies (like me) that have somewhat diminished the pool of great deals out there? Has this made real estate investing a less attractive venture..I guess i am really asking - all the money you've made - did you make it back in the 80s, 90s rather than now?
I guess i just wonder about investor greed and just like the stock market has influxes of $$ and people I am curious if this is true for real estate investing also...
For example, i am in Chicago NW 'burbs and trying to figure out how to get started....One thing somewhat holding me back is thinking of all the people out there (competition) that are trying to do the same thing....Do markets support this number or again, is real estate investing now less attractive? I wonder for example in Chicago if every man and his dog is doing wholesaling/flips and so i am limited to other avenues (perhaps rentals etc).
thanks,
Brett