@James Wise Reading too deep?? We are not discussing Fannie Mae & HUD properties specifically. Sorry you may not understand.
@Isaac Figueroa POSTED: Does anyone here have any general info about the best way to compete against other investors in regards to landing houses on the for rehabbing and selling?
I offered a solution that I have heard works in this scenario. It is not illegal and the discussion wasn't Fanny Mae & HUD specific either. Isaac stated houses on the MLS, not specific to Fannie Mae & HUD properties, which may be the only good deals in your area but maybe not the same for his area. Regular people list fixer uppers too or properties that could just use updated and landscaped to make some $$ on the property. In these areas where the competition is fierce, properties rapidly appreciate, and selling for top dollar this is common.
The question was asking for solutions and that's what I have attempted to offer here besides "offer more $ and if you loose you loose", pretty sure he already knows that thus he posted this question looking for ideas.
Isaac: As I stated before adding $125 to your offers on properties (OF ALL ORIGIN) will help you land more deals period. Here in the real world where I live agents and brokers alike will pass deals under the table to the guy who is paying them a bonus and that's a fact. It may not be ethical for agents to do it but that's what happens all over the country every day. I have seen deals that popped on the MLS to only be gone in minutes that were NEVER even advertised before and it didn't matter who was selling them either. They shopped it to their investors, sold it before they even listed it and then changed the listing it as sold right after, happens every day. So, the only way to insure that deals get passed to you is to offer a $1000 bonus to the agent if you buy a deal. Some of the others wont even know about the deals and if they do make an offer then I bet yours gets an earlier date or earlier time before it gets turned in than the other guys. Its a sad truth that things like this happen but they do so I offered you a way to offset that.
Hope this clarification helps!!!!