compettion getting out of hand for flipping in Maryland metro

[Tony Sepassi]

Hello,

Is it just me or are you guys feeling the competition for bidding on a rehab?

Had one property which had 44 offers on it and another 20 offers. It reminds me of summer 2005.

I'm thinking we will see a crash in a year or two?  Are there other areas which is easier to flip?

[Jay Hinrichs]

@Russell Brazil  Russell whats the skinny on infill new builds as @George Taylor mentioned.

is there a play ?  lot prices  200 to 500k for lots... build costs ?  <150 a sq. sell over 1 mil.. that type of thing ?