Nothing but competition and lack of inventory driving prices up.

I just had clients lose a home in the Denver suburbs a competitive situation reminiscent of 2021/2022. 

Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.

This misalignment often leads to conflicts and disagreements, as realtors may perceive wholesalers as driving down property prices and potentially affecting their own earnings.The commission-based model for realtors can also create a sense of competition and rivalry between them and wholesalers.

Cash offers are usually more competitive and provide investors with slightly more room to negotiate on listing price.

Tons of competition.

Plus, with a professional letter we can give more information about ourselves, build credibility, and funnel the seller to our website which is just another way for us to stand out from our competition. 

Outside of that property class, things here are super competitive, the same as everywhere else.

Being that competition is big, it no longer makes sense the numbers that have to be offered in order to get the deal.I’m looking in to shifting to out of state and I’m open to be on site pretty often by hopping on to a flight.I’m debating between markets in TX and Ohio but in the same time willing to hear that I’m completely off between these 2 states or that their are better.I am looking for places where population is growing, prices are not too high, landlord friendly, rent are above $1200 for 2BR, big businesses and jobs and a very big focus by me is to be in a safe area.I would appreciate if I can get some honest opinions on this.

So your competition is getting larger as a landlord.Traffic and infrastructure are starting to have issues keeping up with all of the building.