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Updated over 5 years ago,
New Investor Stuck in Competitive Market
Hi BP! This is my first post- I just jumped into the real estate world a couple of months ago and have been having a blast so far!
Recently though, I can't help but feeling like I am hitting a brick wall. Grand Rapids, MI is a super competitive market right now, especially for duplexes. Every offer I have put out there has been beaten out by all cash offers. My wife and I are looking to house hack and I am very familiar with the city, which is why we have been focusing on finding something here as opposed to long distance. It would also be our first house! How can a newbie with little to put down compete with all cash or 50% down offers??? I would love to hear your advice!