He knows all the electricians, plumbers, painters, drywall guys, you name it he can get the best bids on anything he’s not doing himself.

As such, there is a great deal of competition when a duplex or fourplex comes to market.Although SFR is getting bid up as well, with less favorable rent/price ratios than just six months ago, there is definitely more opportunity for off-market deals.

Hey BP Family,Working with my Realtor right now to win my first bid (after 7 failed attempts) on a first time home. 

I get what your sayng on higher priced markets or highly competitive the bid over ask is standard procedure..

You can go out to Turno and get some bids on a sample property of the type you are looking at to get a better idea of costs.The older your hard systems are, the more it will cost to keep them up.  

How much we bid is based on those targets. 

To my surprise, bidders are reaching market value and in some cases I even saw a bid go above market value.

So, if you are bidding in a competitive market, a HELOC will serve you better because you can show a proof of funds of the money in your account.

You think that's bad, we get 1 or 2 guys every single year that turn down a turnover bid of like $5,000 because they want to do it themselves for like $3,000. 

As a result, there will be multiple bids to buy a house and house prices will go up by 10% or even 15%.