Finding properties in crazy hot Bay Area market
I wanted to see what strategies people have had success with in terms of buying properties in very competitive markets? I'm in the Bay Area which is arguably the hottest market in the entire country.
Even off-market deals are going at a price which produces very thin margins. I have been working with a few wholesalers and others to try to surface off-market deals. As for MLS listings, I've been writing a lot more offers realizing that only a fraction will work out.
What have you done to succeed in obtaining properties in crazy hot markets?
Most Popular Reply
Work with an experienced investor with a lot of connections in your area, that's probably your best bet. That's what I do in my city. Going through the regular channels to find good deals in going to be tough in a very hot market.