California will be more competitive but you have the equity available for the right property and can utilize the proposed or existing rents to qualify on the new property.

If you don't have sponsorship, by definition you don't have a deal - full stop. in some aspects, but but I'd argue in development you have to find land and partners at the same time. you have to have a competitive advantage and local knowledge. may not apply and probably different sectors. we break development up into multiple raises like Series A, Series B, etc in venture debt and discount equity tranches based on what stage the investor comes in for higher returns it's earlier like when we are investing in engineering services etc we recapitalize and spend our money with an equity sale and recapitalization. structured finance is so interesting 

Competition creates a healthy financial environment and the US will do what it does well circle back around and create a back door and establish new vendors to buy/sell.

They are often used to finance large, income-producing properties and offer competitive interest rates and longer loan terms.

Having to book your own AirBnB is a great tool for direct insight into demand, rates and competition. 4.

With inventory more scarce in the Midwest and Northeast, sellers there have less competition for their listed homes.

Using the bidding system it forces competition which is the essence of a free market and keeps pricing down. 

Plus, syndicating often no longer makes me competitive because of all the fixed expenses (like creating the PPM, the LLC, and generating tax docs).So, for those small deals, I’ve simply had people (2-4 people) lend directly to my LLC, backed by the deal in chunks of ~$50K.

We had competition and they had bucks.

Yet, the current market conditions in Australia (especially Perth) are proving to be incredibly competitive.