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Updated over 7 years ago on . Most recent reply
Should we stop looking?
My wife and I have been looking for a 3-4 unit property in Nashua and Manchester NH. We have found a few properties that make sense but the market is very hot in this area. As soon as we take a look multiple offers seem to pop out of nowhere. When properties in good condition come on the market sometimes they are under contract with in days if not hours.
Our biggest competitors are CASH offers!!! They have been a problem since the beginning. We are using an FHA loan and that does not seem to be appetizing to the sellers. We have about $12k for this purchase.
Should we stop looking and wait till the market calms down? Or should we just be more aggressive? Or what do you think? This is our first purchase.
Most Popular Reply
Emilio Betancourt Don't get discouraged and keep looking for the right property. It took me 2 years of looking until I found the right duplex to start my real estate investing adventure. Stay positive and look at as many properties as you can and you'll find the right one.