Good to see so many interested in learning, collaborating and winning in life.

So, given the above stats, if you are bidding against say 4 others on every property then you'd need to research approx 50 properties just to win one.  

CarrieThanks for commenting.It's been quite a ride and I've learned a ton in the process about how to organize a meetup as well as getting the chance to talk to really experienced investors.Definitely a win-win overall.Wish you luck with all your future endeavors as well.  

In real estate there are a couple things rookie investors notice pretty quickly:- Paying cash is more attractive to the seller and tends to get the deal closed sooner (which could translate into a discount or winning when there are multiple bids)- Refinancing (pulling the money out) becomes more painful if paying cash, many banks don't offer delayed financing (https://www.fanniemae.com/content/guide/selling/b2...) and those that do require more hoops to jump through, require 70% loan instead of 80% and don't allow you to extract repair costsI've actually been bitten by this refinancing issue with my first purchase in Chicago.This really hurts rookie investor's ability to start acquiring properties because we don't yet have good connections with hard money lenders/portfolio lenders, enough extra cash of our own to buy multiple properties outright, or enough properties purchased to stagger refinancing such that this doesn't affect us.

We have virtually no money cost for the purchase, a real win win for everyone.

One thing you might want to do is to let them know that you will work with their agent, but hoped you could help them move quickly to foster a win-win scenario for their situation.

I didn't win, I was 7500 shy.

This means that if you win, you best make sure your group can commit X million dollars in 30 days in cash.

Every time you get a house, its like winning a game. 

I have a feeling from this situation if he were to even go that far, he wouldn't win.