OfflineHello, I live in the Phoenix area and I'm having a very hard time finding deals. I finding that when finding potential properties I'm getting outbid by investors mainly from Canada or the East Coast. Now I don't mind losing or getting outbid but these other investors are biding 10-20% over price. This makes it impossible to do any wholesale deals or assignments.
Am I wrong in thinking that wholesaling and assigning is dead and gone in the Phoenix area? I can't wholesale a property if the asking price on a property is $100,000 and the winning bid is 10+% above that. Especially when the property needs work done to it.
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First of all keep track of who is buying these homes. If they are selling like hot cakes you need to offer a little more until you get something under contract. You cant sell what you dont have. Get something under contract then contact these buyers and see if they want to buy.Are you sure you are being outbid or could it be your offer is not well constructed ?? Sometimes that makes a difference... Good Luck
DG