Investor · Orlando, FL · Member since 2009 · 978 posts · 39 votes
It's not news that RE Investors often compete with first-time home buyers for the same properties. Housing inventories are at the lowest level in 30 years, and the shortages are most pronounced in the low and middle price ranges. Investors comprised 33 percent of all single-family and condo sales in 2016, the highest percentage ever recorded by real estate data firm ATTOM Data Solutions.
In today's market plagued by dwindling supply and tight competition, how do you find & land the homes for worthy of your investment time and dollars?
I am seeing the same thing up here. The advantage we have is that first-time buyers are not looking for the same thing we are looking for. They are looking for the dream of home ownership. We are looking for an investment. They drive up the price of real estate, which actually helps us. We find the bargains and the "nobody really wants this place" houses and off market deals and turn them into the places these people want. It can be hard to find them right now, but I don't view them as competition. I view them as uninformed buyers creating the deals I will eventually get. Real estate investment is always a long game. Market conditions are always temporary. In reality, we always want our product to appear scarce and in demand.