New York: A Global Icon of LuxuryNew York remains one of the most exclusive and coveted real estate markets in the world.

At the end of the day, there are a ton of local small banks that offer competitive HELOC products.

Investors who stay in tune with the local marketplace and apply the 70% formula as a guideline instead of a blanket rule will make their offers more competitive and their investments more lucrative.This post originally appeared on the BiggerPockets blog.

It depends on how price sensitive your market is  Also, you said there is a lot of competition.

This project highlighted our effective renovation and marketing strategies, yielding a solid return on investment in a competitive market.

No agenda, I don't like helping out the competition either, so this is probably the one and only time I will do anything other than try to cut you off at the knees.My honest assessment on you after your interview is that you should fire all 38 of your agents.

In some cases, carriers might even offer multi-year rate locks, providing even more stability.The Downsides of Consolidating Your Insurance ProgramReduced Competitive PressureHaving multiple carriers compete for your business can help keep premiums in check.

Their income can be impacted because they often need a price point that is competitive with a hotel room.  

If it's an owner occupied unit sometimes I've found the big players like state farm to be pretty competitive on price. 

Being in NJ, market is super competitive, so need to figure out how I can maximize the profit.