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Updated over 5 years ago on . Most recent reply

User Stats

12
Posts
3
Votes
Ryan Hanrahan
  • Rental Property Investor
  • Garwood, NJ
3
Votes |
12
Posts

Competing with other investors

Ryan Hanrahan
  • Rental Property Investor
  • Garwood, NJ
Posted

I will be getting in to my first investment by buying a multi family and living in one side. I don't have much to my name so I will be using my VA loan with 0% down to get me started. But, I know, especially in my area multi family's are off the market really fast. Whether I am putting 20% or 0% down, how do I possibly compete with experienced investors paying cash for properties?

Most Popular Reply

User Stats

390
Posts
496
Votes
Neil Henderson
  • Specialist
  • Carolina Beach, NC
496
Votes |
390
Posts
Neil Henderson
  • Specialist
  • Carolina Beach, NC
Replied

Wish I had a magic bullet answer for you, but I think the answer is patience. It'll be a numbers game. Also, do your best to limit the contingencies you request in your offer. 

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