You don't want to compete with those buyers because chances are you won't build instant equity and will spend years trying to build up any equity at all.

@William Hochstedler   William fine points about this mid west ARV's  it always amaze's me when folks talk about instant equity and your buying this asset from me for 50k when its ARV is 75k..

She referred us to her neighbor who wanted in on a pay day, but another investor bought and rehabbed that one.

It may not be a great payday for you but at least you'll get realtor commissions and you'll learn a ton.

Now I had instant regret. 

If instead of putting down $20k for a downpayment on a house, they paid off 20k in bad debt they would likely instantly get a much better return on their money and pay tens of thousands less in interest.

With this instant equity in our primary, and stronger personal financial position, my wife and I will be on much more solid footing moving forward with our investing ventures.

Well, I buy foreclosures and fixers and once the properties are rehabbed I have instant equity and great cash flow.

It would be an instant $500 a month cash flow.  

Back to the flip side if you can do in a few days then maybe not bad pay day . hard to tell for sure without knowing the full details . depending on market I had a flip I completed in a couple days,listed it with my agent and got a full price offer by close of business first day, a market nobody I spoke with even knew existed lol