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Updated over 5 years ago on . Most recent reply
How can I compete with a cash buyer investor?
As the title says I am wondering how to compete with all the cash buyers in my area. One of which owns over 90% of the apartment buildings as well as almost all commercial buildings in town. He also frequents the city auctions and pays cash outbidding anyone that even tries. Im guessing he gets off market deals too. I tried to start a conversation with the guy, but he is grade A jerk. Hard to believe someone so arrogant can be so successful.
How do I compete with that?
Most Popular Reply
The simple answer is you can't. Cash is king and anything else is just wishful thinking. Sure you can hard money and have a letter but in my state at auctions you have to pay with cash at the end of the auction. Instead of focusing on this guy being a jerk and arrogant build a cash flowing portfolio and in 20 years everyone will be calling you a jerk for outbidding them and paying cash.