Purchased a 4 unit building for a gut rehab - I have short term construction financing in place that will need a take out loan upon competition of the renovations.

And everyone has a tv.Now, if the market is soft you could put one in a "model" and offer it in vacancies sort of matching the competition's 1/2 month free...but put in the lease it is non-warrantied or you will be replacing them.

It is not that easy, there is competition out there, as an investor myself I do borrow from time to time, speed of execution and rates / costs are the 2 things I look at obviously.

@Ariel Vincent So you have a lot of competition I guess in this period of the year, but still, at the end of the day you got 6 bookings in a month which is great.

I knew the S FL market was competitive, but I had no idea it was this bad.

For the money, there probably isn't any other local place you can go for the depth of support a decent REIA can provide. 9 out of 10 title companies are designed for the typical first time home buyer and might not understand your creative finance package for example...your local REIA can help guide you to someone that does in fact get it.I have managed to buy property found via REIA classifieds, though today it seems such publications just create too much competition.

If you are in a competitive market, you might have to make a lot of offers before you get one accepted.There may be cases where the asking price is too low and it might be a good deal at 20% over asking price based on the ARV of the property.Make your offers more attractive by higher EM or fewer contingencies.Good luck!!

Along with that I do need to meet people who are entrenched in the rehabbing business to gain knowledge and relationships with "the competition".

However, there is also a lot of competition for those tenants which seems to lower the rent prices unless you buy in a prime area.

Also depends on what market you are in and how much competition there is.