I noticed immediately that the second building had A LOT of competition in the surrounding area.

I would like to mention that I am located in Austin, Texas and it is a highly competitive market and that could be part of the issue but I am sure I still need to improve my marketing and any suggestions would be greatly appreciated.Thank you in advance for your assistance.

@Jordan Santiago it does happen as @Enrique Huerta mentioned, but sponsors that are doing that probably aren't competitive these days.

Well, I got outbid on several properties, because I was looking for a decent margin, and I discovered what a competitive market flipping has become.  

Generally you will face competition from the builder, why would anyone pay more for a slightly used house when they could have the builder build them a brand new house for less.

It was a hud property so we offered asking price because the area is very competitive.

It was a hud property so we offered asking price because the area is very competitive.

We want to make sure our banker is being competitive.

I would advise that its ridiculously competitive here now.

I am a new investor living in NYC and am looking to determine my farm area so I can begin investing.When I initially started my research, I thought I would farm in Northern New Jersey - Bergen, Hudson, Essex and Union counties - but as I continued researching I've found that inventory is low and competition is high, making the barrier of entry for a new investor very challenging.