New contructions on back order, No existing homes available

[Jorge Duarte]

Hello Biggerpockets Fam.,

I hope everyone is doing well with our current situation. What best opportunity to get together as a community and network ideas for our future RE Empires!

My current market shows a high shortage of existing properties for investors to to either go with a fix n flip, buy n hold, or even BRRRRs. There are homes for sale, most are being sold at market value prices, leaving no room for investor friendly numbers. I understand funneling will be my best friend.

1. What are some strategies I can implement to effectively funnel through market value homes?

New constructions are in back order... I’m not an expert but I believe this means the house supply is short and demand is high?

2. Based on our COVID situation and my market picture, what would you advice me to do towards investing?

Thank you in advance,

Jorge