Serious inquiries only. " style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: "open sans", sans-serif; vertical-align: baseline; position: relative; overflow: hidden; color: rgb(52, 65, 77); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; height: 312px;">Potential condominium conversion project in a nice area of Los Angeles.Purchase price $10,000,000ARV $13,000,000For those not familiar with the process, I can help with the work.

Then came a very early retirement from that well paying JOB..Looking back I was definitely happier spending all my spare time/vacations, blood sweat & tears & disposable cash on rundown properties, than going to work each day in a beat up vehicle no-one would ride in.The years of tenant drama, rehabs & 'oh no' surprises still bring a lot of smiles & hearty laughs as we tell our REI active kids our war stories.It's definitely an adventure !!!

I've spoken with numerous sources who advocate for getting the broker's license.

I have read numerous books, listened to podcasts, joined groups, watched youtube, etc. 

But here we are still in bidding wars, most buyers are cash, prices continue to climb and there is no sign that is going to change anytime soon.

I have read numerous real estate investing books and have been an avid listener of Bigger Pockets Podcast for the past 6 months.

@Michelle GarciaI am going through the same situation in Houston market.Once a ppty comes on MLS it is not a deal anymore ,doesnt matter the amount of repairs it needs it will have a ton of offers on it and it will sell for above asking price ( so ridiculous that the purchase doesnot make any sense with rehab) .Wholesalers are promoting bidding wars .They get a deal under contract and there is no First come First serve anymore .They schedule an open showing on a fixed date and you get at least 20-30 investors showing up and it becomes a bidding war.I am currently getting to a point of marketing for my deals myself or wait it out till it becomes the buyers market.Personally i will donot know what to pick.Marketing for deals is expensive (i have tried i when i started out) but waiting for the market to flip into a buyers market is even expensive because of the rate at which money is loosing purchasing power .Confused alltogether.

Or, it is in a war zone.

If you are going to battle over these petty things, you for certain will go to war over something bigger should they occur.

I think some bidding war buyers are going to be underwater if the market slides.