What do you think about the current market conditions?

[Jacob Krafka]

Hi hope all is well,

I work for an investment brokerage out here in CO, recently we have been seeing an uptick in our investors purchasing properties. I wanted to see what you all were seeing in the market? This past couple of weeks we were selling units left and right, hard to honestly keep up. So I wanted to see what other agents / investors were running into, and thought about the upcoming months and current conditions?

Thanks!

[Reed Rickenbach]

In Memphis you're still seeing 5-10 investors offering on every property.. although the winning bid is 10-20% lower than it would have been early 2022. Plenty of competition still in the market but no one making the crazy offers they were early last year. 

I just finally started buying again with a 6 plex under contract from a wholesaler. Early 2022 there is no way I would have been the winning bid at this price.