Updated over 8 years ago on . Most recent reply
Will the market continue to save bad in investors?
Hello
So I have been looking for the next house to flip. As I go to auctions and houses for sale on mls for investors (cash only sales). I am seeing these houses sale for WAY more than they should sale for. I crunch the number and look at the work on the house that need to be done and theses house are selling for very little profit if any. I just started following these buys and sell to see if they make any money on the house. Example house in lower class area listed for $225k needed full rehab sales in area are $350k house sold for $325k! Where is there room for money in that? Guess it's more of a vent but is it time so sit on the sideline for a while and see if the market corrects? I always believed that being active is the way to go but seems like deals are harder to find and leaving investors at risk of over paying.