fareastwarriors Posted February 11, 2014 Share Posted February 11, 2014 I been looking and making offers on houses (as investment). The competition is absolutely crazy here in the SF Bay Area. I would make my "resonable" offer (cash, no contigencies, fast close) and the final sale price would be like 50-100k above my offer... Most of these houses are fixers but I still don't get it. After the cost of renovations (easily 100k+), I don't know how these buyers/flippers plan to make money. Maybe they are seeing something I'm not seeing. Link to comment Share on other sites More sharing options...
yseric Posted February 11, 2014 Share Posted February 11, 2014 My brother made a bid for a property in Fremont, there were 40+ competing bids.... :-[ :-[ What cities are you looking at? :) I been looking and making offers on houses (as investment). The competition is absolutely crazy here in the SF Bay Area. I would make my "resonable" offer (cash, no contigencies, fast close) and the final sale price would be like 50-100k above my offer... Most of these houses are fixers but I still don't get it. After the cost of renovations (easily 100k+), I don't know how these buyers/flippers plan to make money. Maybe they are seeing something I'm not seeing. Link to comment Share on other sites More sharing options...
fareastwarriors Posted February 11, 2014 Share Posted February 11, 2014 My brother made a bid for a property in Fremont, there were 40+ competing bids.... :-[ :-[ What cities are you looking at? :) I been looking and making offers on houses (as investment). The competition is absolutely crazy here in the SF Bay Area. I would make my "resonable" offer (cash, no contigencies, fast close) and the final sale price would be like 50-100k above my offer... Most of these houses are fixers but I still don't get it. After the cost of renovations (easily 100k+), I don't know how these buyers/flippers plan to make money. Maybe they are seeing something I'm not seeing. I'm looking in the east bay, primarily Oakland, San Lorenzo, San Leandro, and Castro Valley. Fremont is too expensive for me. I'm looking for houses to flip and multi-units to hold. Link to comment Share on other sites More sharing options...
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