Deals in Southern California?
Where are investors in Southern California finding their deals? With what seems to be very limited inventory, high prices, and high demand, once a deal goes on the MLS it's scooped up.. I assume most investors in Southern California are buy/hold for the appreciation? I'd be curious if there are many flippers out here that are able to find consistent deal flow and able to make healthy margins, even with the crazy bidding wars.
Interesting article...
https://spectrumnews1.com/ca/o...
- As of mid-January, there were roughly 1,100 active homes in Orange County, about 4,700 in Los Angeles County, 2,040 in San Bernardino and a little more than 2,300 in Riverside
- Steven Thomas of Reports On Housing calls the low level of housing in the region "catastrophic"
- Buyers continue to push on despite the coronavirus pandemic, high home prices and rising mortgage interest rates
Most Popular Reply
Last two rentals and flips found on the MLS, but you can search MLS, touch base with Wholesalers, agents that are well networked and more. There needs to be multiple pillars into place that really help the flow be consistent. Also, yeah, Steven Thomas is a great and has been really good at keeping everyone (who gets his biweekly marketing) up to date on the local housing market SB, Riv, Oc, SD, and LA counties.
- Peter Mckernan
