I heard a podcast a while back and trying to locate it. I don't remember the main topic but they kind of went on a rabbit trail on the end that I'm interested in. The guy was a realtor in or near a metropolitan area (I want to say Boston but that may be wrong). He watched the mls pretty closely and when he saw certain similar properties, for instance condos in a certain area, spiking in price, he would buy at about 90% of market price and do a super quick flip. That's about all I remember from it. Any help is appreciated!
David, that could have been @Shaun Reilly
Thanks for the mention @Justin Silverio but don't think it was my podcast.
Unless @David Fritch has the details off a bit that doesn't fit my MO.
I buy condos, but mostly keep them. I also don't think I would ever knowingly buy a place at 90% market value to flip based on prices trending upwards quick. Probably works great for the guy he heard but that isn't in my risk profile...
My guess is that you have the wrong city as Justin, myself and @Mike LaCava are the only Boston area people I think could have talked about doing stuff like that, and I don't think Mike fits that model either. Though his podcast was pretty early like 2 years ago so maybe I'm remembering wrong but seems pretty different than what I know about his business.
@David Fritch I remember this too! ...but can't place the actual episode..argh!!
@David Fritch thank ya
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