Having reserves and cash in a war chest is a great thing right now considering the prices in our markets and turbulence of our government forbearance policies.  

If you're looking to invest around SLC you need a decent war chest. $25-$50k over asking price, huge amounts of cash needed over appraised value, and hard earnest money upon acceptance are all pretty common (and ridiculous) plays right now.

Seems ridiculous the listing agent listing it so low, unless they were planning on a bidding war, which they got.

https://www.sbsun.com/2021/03/30/tesla-to-operate-out-of-320000-square-foot-warehouse-in-san-bernardino/Plus, there have been numerous Amazon distribution centers that have opened up across the IE.

I think there is a misconception that sellers always go with cash and it's near impossible to win a bidding war with a financed offer.

Ive done numerous in the past for real estate clients and its right on the money with appraisers.

But numerous have also fallen through.

I'm a long-distance investor (my wife and I own property that we've never seen) and own a transaction coordination business so I've seen even more deals.Greg made a good comment in that the average BP member knows more about validating if a property is a good deal or not from a numerical perspective.However, the agents I've hired and the agents I work with who build great investor businesses focus on adding value that you can only get on the ground.For example, I want to know more about the property that I could ever learn about online. 

It fueled bidding wars and sight-unseen purchases across America’s vacation zones, which already had dwindling stocks of homes for sale, real-estate agents say.The booming market is also luring investors, some of whom have generated substantial profit by fixing up old homes and then flipping them.

The suppliers thought building would slow but instead it JUMPED with numerous people buying (crazy low rates) and building new homes.