I've been following some of the forums and it is so encouraging to see all you folks being so thoughtful and helpful.I can't think of another business where the your competition is your biggest ally.I Love It!

The market around here is very competitive which is why I put my offer in where I did.I already spent hundreds of hours reading and trying to learn as much as I can on the forum.

Now imagine if you were in a competitive bidding war for a property you would face similar waiting period whereas someone with their self-managed Solo 401k could write a check on the spot!

Prices are higher and competitive but there are good deals to buy! 

One in particular, The Carlton Group, is already an established global real estate investment banker.

If you can offer your house for prices comparable to the rents in local apartment communities, and have comparable amenities (pool excluded) I think you'd have a competitive advantage in that you are offering a house which gives more privacy.

Asking prices are bid up to a point where they are well above retail, and competition for properties with any equity is fierce.

You are also operating in a highly competitive market and many investors are looking for the same thing, a great flip opp in Brooklyn.

It’s very competitive here so it’s tough to get your foot in the door.

Rich Dad Global filed for bankruptcy in 2012 for not being able to pay ~$23 million in a settlement (http://en.wikipedia.org/wiki/Robert_Kiyosaki#Controversy).