What is your biggest challenge that you face in todays market?

Question

I am curious what everyone is seeing in their local markets? thx

Franklin Romine · Answer

Staying focused.

Frank

Mindy Jensen · Answer

I'm in Colorado. My biggest hurdle is not being able to find enough deals. Not only do I have other investors competing with me, I am also competing against retail buyers who are just looking for a place to live. They don't have to sell and make X profit, so they can pay more for the property.

John Cohen · Answer

Overpriced deals and brokers telling sellers they can get more then properties are worth!

Sergio V. · Answer

Mindi Jensen, I am in the Boston, MA and the situation is identical

Kim Smith · Answer

Business has never faced the type of moral challenges that it faces in today’s global economy. Sadly, the theme becomes highly infectious and soon people actually start to feel like lying a little, or stealing a little.

Ryland Taniguchi · Answer

In Seattle, the market lacks inventory which drives the price up. But as in anything just means you need to cast your nets 10x more than anyone and there are still plenty of deals. Cash flow rentals in King County is nearly impossible. But still lots of cash flow in Pierce, Thurston and Lewis counties. We're seeing 20 solid deals a month in rentals, flips, development, Multifamily, etc.

Zana Blue · Answer

Echoing not (none) enough deals...everyone wants to live here...

Karen Margrave · Answer

Here in Orange County the largest developers in the country don't build "homes" they build "communities" with thousands of homes. The opportunities for smaller builders like ourselves is very competitive, and the cities permitting processes are slow, though some are better than others. When a parcel does come on the market, it's usually way overpriced, because 99% of agents have no clue what they are doing when listing land.

However; because of all the positive attributes in this market, there is always going to be a strong demand, and prices will always be high. The further away from the coast you get, the more reasonable the pricing though.

There are many other areas of California where prices are still affordable but they have high unemployment, crime, drug use, etc. since AB 109 and Prop 47.

Nick Denning · Answer

So in these Highly Desirable markets where inventory is scarce, is it better to keep a keen eye out for potential deals, or wholesale deals, yellow letters? What's working?

Jo-Ann Lapin · Answer

CA is experiencing population growth with very little new construction. Salaries have not come up for a long time and many with 9 to 5 jobs have become part time. Never the less. Most people want to be in CA and the demand to own is real high.

What is your biggest challenge that you face in todays market?

What is your biggest challenge that you face in todays market?

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