Is the Real Estate Bottom Market Over??

Bird Dogs, Wholesaling
1

Hi everyone!

I am re-committing to getting back into wholesaling Real Estate, but I’ve been totally OUT of the REI loop for about a year now. I’ve never actually closed a deal yet but I’ve learn a lot about the industry. One of the most important things I’ve learned is that Real Estate has it’s Cycles…

So my question is…

Are we still in a market where homes are significantly undervalued, banks are overwhelmed with inventory and cash buyers are in a buying frenzy? Or have things changed from the time (1yr) I’ve been absent from the business?

Would love to hear your feedback, thanks!

2

The answer varies based on the market. Some communities are still having problems while other areas are not. Where are you looking?

3

Hi BTL,

My Market is Palm Beach County in South Florida…

But I’m willing to do deals where the wholesale market is.

4

Did you have any success a year ago?

I would say that many markets are broadly similar to a year ago. Other markets have found a bottom and are more stable (at a lower level).

You said you want to wholesale. That has worked for decades. In other words, you do not need to worry too much about a specific market or market conditions. You need to be really good at finding motivated sellers. It is a marketing job.