What does the inventory supply look like in your area? Increasing/decreasing

[Brian Beadle]

Lately Ive seen multiple postings and and articles about people having trouble finding inventory that fits profitable numbers.

How is the inventory in your area and what does your 2013 look like?

[Joseph M.]

I am guessing that is probably happening in a lot of markets with a 30k-60k purchase price. That price range allows a larger segment of the population to purchase for cash. In L.A I am even seeing homes around the 250k range bought for cash by rehabbers. There is definately a lot of cash floating around. Where else can someone get the returns that they can get in real estate.

I am wondering for the 30-60k homes what about of rehab is getting put in to get the 130k-160ARV.. maybe it is worth it to bid a little more to get the deal? Of course it all depends on your profit.