Competitive Market: Setting Yourself Up For Success

[Javier Segura]

Hello,

I have recently missed out on a few buying opportunities due to great opportunities selling quickly. It seems like enough "sunny days" will cause the market to dry. I am working with a RE Agent in the Kansas City area. I am looking to buy my first multifamily property using a conventional or FHA loan (1-4 unit). What have other investors and FHA home owners done to:

Move quickly to close a deal?

Accurately know how much repairs will cost?

Structure deals that could favor your offer over others?

Obtain great tenants soon after the loan closes on an accepted offer?

Thanks,

Javier Segura

[Mike D'Arrigo]

@Javier Segura The big challenge you'll have is that an offer with 3.5% down FHA financing is not very compelling when you're competing with cash buyers which you will be. Unfortunately, I don't have a good solution for you. You might want to look at turn keys that are not listed.