This is one of many articles I’ve read recently confirming that the market that I work in specifically- The Luxury Flip is heating up.
I’ve found that for the first time in 6 or 7 years investors are writing checks for investment property of all values however the number of investors fighting for the lower end price point make it all but impossible to make a prudent deal.
The investors that I work with who are willing to take the risk,spend the money on the initial purchase and the higher renovation costs are seeing a greater return on their investment. The DOM are getting better every day and the bidding wars have been fantastic! This is definitely in my opinion the arena to be working in with todays investor.
