I recently found a flip so I brought in one of my investors and a mutual friend of ours to show the ropes but we all have a lot of history with each other.I have another long time buy/hold client I am going to help walk through a first flip but she's in the most competitive price range so it's been tough finding her something.

to be a popular place for guests and investor competition so you can do better by dominating the niche you select.  

Not only that, but I cringe every time I see really green people talking about "putting deals together" and starting syndications - there are a TON of moving parts in large commercial deals, and even more competition from experienced investors and firms.

Here in Northern New Jersey, single family inventory is down over 25% from last year and there wasn't exactly a plethora of homes on the market then. This is also happening nationally (http://www.cnbc.com/2017/01/24/w...

Some banks will have a very competitive portfolio product to work with.

Now I know this is a very broad question and there is so many variables to give a honest answer, such as far as how they financed the project, what they are building, the size of the property and a ton of things more to consider.But for this post lets just use developers who build luxury spec homes. for instance we can use a big market like Los Angeles, how much do they developers really make who buy a single family house and develop a new luxury modern home and then put it on the market for Millions and millions.Seems like there is a ton of risk involved with it, and also seems like they rely heavy on financing with both debt and equity component.

For some reason we thought, and had several lenders who thought so too, that one could simply add VA entitlements together to circumvent the zero down loan limit and thus be competitive for the very limited multi-unit supply in the area.

It might be a result of heavy activity by large investors right after the recovery started which has since declined.

So, I live currently in 78704 in Austin, and obviously the competition is pretty crazy here as well as the price of properties.

Because I want to know so I can stay away from it and the competition and possible find another avenue and start studying now.Thanks!