Real Estate Consultant · Fort Collins, CO · Member since 2022 · 291 posts · 178 votes
I've worked with the same buyers for about 7 years now and they've all pivoted or changed their buying criteria the past couple months. I've networked, networked and networked and either find "buyers" unresponsive or scared to pull the trigger on any deals I bring them. I have three properties under contract 70% below ARV and still can't find any serious buyers in Denver, Colorado. Saying its frustrating is an understatement. My advice to any buyers out there is when a wholesaler sends you a property you must communicate and let them know where you need to be on a deal. Just because a house is $5k-$10k off from where you want it to be doesn't mean that price cannot be negotiated or may already be built into the numbers regardless of the wholesale price offered.
If you're a serious buyer in Denver, Colorado reach out to me! I need people who aren't scared to make moves right now!
@Adam Macias with you 100%. The moment rates changed, buyers made in incredible halt on purchasing in Denver, the Springs, Fort Collins and other CO hot spots.
I made a pivot too! With less buyers looking at my properties, it’s time to start tapping some of the cash I’ve worked to build up and get down to business. I’m happy to flip my own deals, and adapt to the market.
I’ve got fantastic private lenders as well that have been twiddling their fingers while everyone takes a vacation ;) I’d love to discuss taking on some of these projects that you’ve got going on!
@Adam Macias with you 100%. The moment rates changed, buyers made in incredible halt on purchasing in Denver, the Springs, Fort Collins and other CO hot spots.
I made a pivot too! With less buyers looking at my properties, it’s time to start tapping some of the cash I’ve worked to build up and get down to business. I’m happy to flip my own deals, and adapt to the market.
I’ve got fantastic private lenders as well that have been twiddling their fingers while everyone takes a vacation ;) I’d love to discuss taking on some of these projects that you’ve got going on!
@Adam Macias with you 100%. The moment rates changed, buyers made in incredible halt on purchasing in Denver, the Springs, Fort Collins and other CO hot spots.
I made a pivot too! With less buyers looking at my properties, it’s time to start tapping some of the cash I’ve worked to build up and get down to business. I’m happy to flip my own deals, and adapt to the market.
I’ve got fantastic private lenders as well that have been twiddling their fingers while everyone takes a vacation ;) I’d love to discuss taking on some of these projects that you’ve got going on!
Let's connect for sure! I'm right there with you. I actually started looking at deals in Indianapolis and Nashville and already have gained more momentum in one week. The agents are nicer. The buyers are responsive with detailed buy boxes. I don't know what's up with Colorado right now. It's a very frustrating market. I'm glad I'm not the only one dealing with this issue. Just kind of shows how speculative it's been. I kept telling people that too that Colorado will suffer hard if the market changes it won't normalize. Imagine if interest rates go up this weekend during the Fed meeting? Whew, Colorado is going to have a hard time.
Please DM me! I'll be happy to give my contact information and we can have a call later today.
I'm closing on one tomorrow, so I'm still buying and several of my clients are too. Most of the wholesale stuff I've seen is junk lately though. Buyers are pickier now, and so am I.
Sounds like you're experiencing what a lot of us are in Colorado. Buyers are slower to pull the trigger, investors are seeing slimmer margins. Rates have a big impact, obviously.
The investors buying with us right now are those that A) have a really long timeline and just like this market as a long-term buy and hold market. B) Are doing an STR or MTR to try to juice the revenues. (Though Airbnb and vacation rentals are in a tough position right now in Colorado.) C) Just want a second home to come visit and don't care about numbers.