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.

Hey yall, my name is Phil Lee, am 23, and I am currently a heavy equipment operator who wants to become a black belt investor.

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. 

Too make an offer enticing, you would want to put 0 in a competitive market.

If someone advertised: 100% commission sales job, no leads provided, heavy competition, possibility that you will be breaking the law, pay for your own marketing, no guaranteed buyer market, find your own product, compete against multi billion dollar companies, pay for your own training and education, long hours, extremely small likelihood of making even one sale; would anyone apply?

Here’s the BRRRR timeline :Closing: 10-14 weeks Rehab: light work (14 days) heavy rehab (6 weeks)Rent it out: spring-14 days Cold winter: 24 days Refinance: 1-2 weeks So my goals this year is to acquire 6 properties this year.