I've heard that competition at auctions is really high and it is hard to find good deals, how do they always seem to come out on top?

I live in California and competition seems high out here.

I don't chase preforeclosures because the competition is too high right now, but some passive marketing in these hot spot areas could turn up something worthwhile.

As the competition for buyers becomes more fierce, and concern begins topeak, prices will start to come down.

I think he's referring to heavy competition.

actually i have made really good profits in the michigan market. last deal we split 46k i have 5 other rehabs coming to completion avg profit will be 40k so yeah we like it when the world thinks michigan is dead so we can reap the rewards with no competition.

You need to know what your competition is and what "market rent" is for each of your units.

We all tend to overemphasize the better quality/newer stuff in our deals without really knowing about the competition.

Yes, we will encounter some investors who do not want to mentor and create competition, and would not rather mentor, just based on this alone, and I can respect them for this!

There is a lot of competition out there, and you don't want an amateur web site to get in your way of a deal.