We’re out there shopping for property like crazy. Today alone we sent in 6 offers, plus did verbals and follow up on 10 more properties. Since we sold our big house we have some cash and are trying to buy 4 or 5 in March.
I do have one escrow that should close on Wednesday 3/3, so that leaves only 3 or 4 more, boy do I have the month cut out for me. Any Southern California wholesalers feel free to hit me up.
The offers we are writing right now are really clean, huge earnest money deposits (50-100%), no contingencies and a 14-day closing. So I am hoping we can get some of our offers. The banks really seem to be raising prices right now and I am just not willing to participate in that. The “shadow inventory” everyone talks about is there, I just don’t know when it is going to hit and how slowly the government is going to leak it out.
I’ll write a post tomorrow summarizing February. We’re still on schedule but not inching ahead of our goals, like I was hoping too (maybe I should of set them higher, lol).