Is the Market Overheated in South Florida?
I live in Port Saint Lucie, and it seems that it is very hard to find any kind of investor opportunities. REOs that need a ton of work are being bid up to near ARV. The Foreclosure auction is a crap shoot, and has all the risks associated with that. What is your opinion of this market? Are we due for a correction? I am looking to buy cash and fix and flip, but wondering if I should just keep my powder dry and wait. What do you guys think?