Now it is very difficult to find many deals in this area because of the stiff competition there, but when I do get them they go very quickly.There are really two keys to wholesaling, finding deals and building your investor network to sell them to.

When a grocery store deems some food unsellable and throws it in the dumpster, it cannot be used for any purpose.A house that is vacant can be rehabilitated and used as housing and thus represents "competition" for existing homes.

My world: No PCR, less competition... lower bid, higher margin.

Hey now @Joshua Dorkin  @Paul Wurster  couldn't handle the competition :D

The Property Pro software is not really competitive with the web based products out there.

Brin has it wrong if he thinks lower overall prices are going to help those with no money and no way to obtain it with a market competitive job.

How fierce is competition in your area?

For me it depends on the property: its location, competition, etc.

Last house I was told by one agent the buyer went to see 6 other rehabs in the neighborhood still came back and bought mine that was listed 20k higher than the competition.

Again, you're in a highly competitive market where deals are hard to come by now and money is abundant.