There was a time when I would say the most difficult thing in making money in real estate would be finding buyers. However, I am now going to change that to also finding properties.

My reason for this is there are just too many foreclosures and short sales out there!!

I know this is a good thing for investors, but for regular buyers it is kind of turning out to be a bad thing. Why? Because most of the properties out there needs work and regular buyers are not willing to do the work. They want something they can just move right into.

Especially if they are FHA buyers. Who wants to deal with a 203K loan having to wait months for a contractor to do some work, the bank inspecting the work, then rinse and repeat a couple of times until the job is finished? Mostly no one and I don’t blame them!

What these buyers are failing to realize is that they are getting a good house at a great price. Most of these deals don’t need that much work. Just a little cosmetic repairs and voila! you will have a beautiful home.

Of course we investors are jumping at the opportunity to get to these homes for dirt cheap prices but I try to get regular buyers on these shorts and am having a difficult time.