Ranting about duplex market
This market right now sucks. I live in the Philadelphia area and it's absolutely impossible to break into the market. Been looking for a duplex for almost a year now. The market is so hot an inventory so low that anything decent is getting scooped up in 24-48 hours. The last Duplex I found was perfect for me. Within 15 hours of it being on the market it had 5 offers on it already an most were full cash offers. Seriously I am screwed. Can't compete with investors who make offers without even going out to see the house in person
Even if I make it out to see it. The seller will never take my fha loan when they have 10 other full offers most being cash or regular loans.
The only house I'm gonna get is one that sucks an nobody wants. Bout to give up
Rant over.
Most Popular Reply
@Scott DeLange it is a tough market in a lot of places right now. You are not alone.
I recommend branching out a bit. Expand the area you are covering. See what is available on the outskirts of your preferred area. Prices could be lower and inventory higher all because of extra 5 minute drive. Who knows maybe the rent market is stranger there because its less expensive but you'll have more tenants applying.
Good luck!