I have been working with a builder now for about 3 years to try and put together investor deals that create possitive cash flow on new construction. No something that usually happens.
Since many of you have access to data that I do not, any input is welcome.
We have an investor group in WA that usually goes for Short Sales, Foreclosures etc. and with the market the way it is, it seems that our investors are demanding more these days.
In the old days it "was what it was" and it "was where it was" and the investor either liked the location and bid or they did not.
In order to make investor sales, I have found that location (which was always important, just now more than ever it seems) is more important in many cases then the "deal" itself.
Sitting in on an investor meeting the other day, I was starting to see this trend unfold. The inventory for investors seems to be much greater than in the past and the needs of these investors in many cases is harder to meet.
Overall, what I am hoping for here is your opinion. What do you guys think about what I have said? Are you seeing this as well or am I just not getting out enough. Finding the inventory in the areas these investors are interested in is possible, but a bit harder than just going where the deals are.
In some of my past posts, I have either gotten calls or comments that have been very valuable to me and my marketing efforts. I am hoping for the same here.
The opportunities in Sequim WA on new construction are abundant to me with significant price reductions. Is this something that any of you have thoughts on? Pro or Con.
In the last several months, I have noticed that many people who would like to buy are not willing to sell the current home for such a "loss" as they call it and as a result, are not buying. They want to buy while prices are low but don't always want to sell. What has your game plan been and how is it working?
As always, your thoughts are appreciated and welcome.
I was at Sequim a few months ago and notice all the new homes. Sequim is a little far to commute to Seattle or a job. I don't see prices going up anytime soon in this area.