Nathan Payne breaks down investor cash purchases in Phoenix, which collapsed from 4,500 monthly to 700, leaving only about 100 active buyers still closing deals. Data scientists tracked the shift to help wholesalers find legitimate buyers in a shrinking market.
12 buyers buying right now on a consistent basis. You're like the strongest wholesaler in the market.
And that's, that's—
I mean, honestly, we looked at it. I mean, we get all the stats, we have the data scientists look at everything in our market, and it went from 4,500 investor cash purchases a month here in our county, Maricopa County, Greater Phoenix area, to 1,000 to 700. Yeah, a month. No, 700 from 45.
Yeah.
And if you look at that, you can look at some of these, the buyers that are really buying, there's only 100 left.
Yeah.
Like that are really doing it.
Exactly. You know what I mean? And you know how I found those ones? I mean, there's all these different strategies, but I went straight to the hard money lenders and I went straight to the title companies and I said, who's still closing with you guys and who's still asking for hard money? Because that to me is the fastest way to find out who's legit.
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