ridgefield: No More Steals ... Just Good Deals - 03/24/13 05:35 AM
 
Dear Investors,
YES, The Market is Really Changing!
I work with many investors and they have been aggressively bidding on low end condominiums with the goal of upgrading and renting them out. Up until now, the strategy has been working, as the offers are cash, without contingencies. Of course we have been at the mercy of the bank's decisions, but in a majority of the cases the banks have agreed or at least countered. But that was the last 18 months.
Times have changed, this strategy is no longer working. The last 9 offers I presented have been met with additional offers on the … (4 comments)