Hi. Are investors buying in 2023? I want to wholesale SFR's in all of California. I don't want to waste advertising funds if the market is down.

I can’t buy! Investors are buying everything. I can’t buy! Investors aren’t buying everything. “Everyone” was waiting for the crash. They were going to buy every great deal. Now they’re afraid of a slowdown. As some wise BP member once said. If you lack e courage or the capacity to purchase during a boom market. What makes you think you’ll find them during a crash.

Investors are always buying if the deal is good enough!

This is the time to buy, when there is fear and the market is down. Not when there are bidding wars.

I'm still buying. However, I am much more picky and I have been making much lower offers than the asking price. As a result, I have lost several deals in the last month based on 50K to 300K difference from the asking. A part of me feels like I missed put on opportunities that could have been fruitful with longer hold time. But the other part of me feels that by rearranging the buy box and strategies, it would introduce more uncertainty and speculation. That change can alter my growth strategy and increase the risks substantially. Thus, I stick to my buy box, continue to hold steady and keep on throwing fair offers out there. Many sellers are clinging on to the hype and the recent market boom. But all will come down to earth eventually, either through price adjustments or rate adjustments. I closed on a deal early April. Final asking dropped to $825K. I held steady to my numbers. I ended up COE on it for $765K. Yesterday, I got a call on a property that I initially pursued for $880K. Seller wanted $1.3M and was willing to drop to $1.1M. I moved on and made several other offers to other properties and did not get anything. Well... yesterday, that seller called and asked if I was willing to put $880K in writing. Darn right I was! Scrambled to get updated funding quotes all afternoon. Sent the PSA over last night with proof of funds and we should open escrow. On top of that, I got another call for OOS for another building that fit the buy box. Suddenly, my problem has shifted to not enough capital to capture it all. Lesson: stick you your guns. Adjust accordingly, but do not put yourself at risk or bank on speculation and time. Although time will always heal a bad purchase, it will rob you of good opportunities and growth. That's my 0.02 on buying in this current cycle. It may nor apply to everyone's personal goals or investment locations, but it is what I am experiencing in So Cal. Good deals are harder to create, but they are out there. You make it happen and do not expect it to be handed to you on a platter like 2020 or 2021... or 2008 to 2014.😎

Buying everyday. The fear is totally irrational

People like to say there were a ton of deals in 2008-12 & there were. but they don't talk about there still was a ton of competition. There always will be if it is a good deal. And they also don't mention that the values kept coming down and down. When you buy a home thinking it will be worth 200k arv and then it sinks to 190k, it makes it tough to make $.

If a deal works, the deal works. As interest rates go up, you need to be sure of the numbers you are running but there are deals out there and savy investors will buy if the deal makes sense.I will say that your statement "I plan to wholesale SFRs in all of California" is a pretty ambitious statement and one that reflects a lot of today's wholesalers that are trying to get into the market. Do you have any experience in this area? The vast majority of wholesale deals I have seen recently have been from novice wholesalers that do not understand reno costs and ARVs. They under estimate one and overstate the other to make a deal look like a home run when it is usually a strike. Since reno costs vary especially statewide, how are you planning to blanket the entire state when you have some very talented wholesalers in specific markets that know their local market better than you can hope to doing it virtually. Not trying to dissuade you but asking the question you do indicates you do not have a buyers list which would be investors that are buyers as that would have answered your question. Wholesaling is real but the way many approach it lately as a result of the Internet gurus hawking their courses has resulted in sellers getting burned and actual investors being presented deals that waste everyone's time.Best of luck but it sounds like a pretty ambitious plan with limited plans up front.

Been hearing about a correction just about every year since 2012 lol. there is too much inventory at least in my area. Until that changes, I don't see a correction. And I definitely don't see a crash. That was a once in a lifetime situation. And people keep talking about the interest rate hike. While it os higher, the reality is 6-7% is still cheap $. In the late 70s, it was in the high teens. Now, they was a problem. BP has too much drama. :)

Yes investors are still buying. Returns have gotten compressed so people are being more picky.

Investor Home Purchases Collapse Most On Record https://www.zerohedge.com/mark... BY TYLER DURDENTHURSDAY, JUN 01, 2023 - 05:00 PM Residential real estate brokerage firm Redfin released new data that revealed a record-breaking drop in homes purchased by investors in the first quarter. This sharp decline is due to a combination of elevated interest rates and sliding home prices, which impacts potential future returns. With investors retreating to the sidelines, buyers in the market have dramatically shrunk, and price wars have eased. Redfin data shows investors purchased 48.6% fewer homes in the first quarter compared with the same period last year. This was the most significant plunge on record. To illustrate just how the Federal Reserve's 14 months of aggressive interest hikes have chilled a major buyer of the residential real estate market, Redfin shows the record-breaking pullback in the chart below:

Are Investors Still buying?Are Investors Still buying?

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Are Investors Still buying?

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