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!

[Steven Foster Wilson]

Quote from @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!

 Yeah, there are still plenty of good deals to be had. The industry here in Ohio has not slowed down. 

[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. 

[Eliott Elias]

Love it, greatest opportunity to buy. 

[Walter Jones]

It's not a buyers market yet in Memphis, but it's more balanced - we needed a slow down from the craziness. The sweet spot here seems to be a tenant occupied under market property that would hit the 1% rule or higher with a rent adjustment and sometimes light rehab. These are overlooked by many because they don't hit the numbers right out of the gate.