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I just offered 55k over asking, pay some of their taxes, closing costs, and 15k appraisal gap coverage, and lost the bid. It's fucking insane. I am basically bribing people for the privilege of buying their house. This is the second one to fall through. I'm now looking at houses with 100k lower asking than the amount I'm actually targeting, just to have enough to be able to throw the biggest bribe at them. FUCKING SUCKS, I'm finally making the kind of money to get into an amazing house and here we are. Fuck.

I just offered 55k over asking, pay some of their taxes, closing costs, and 15k appraisal gap coverage, and lost the bid. It's fucking insane. I am basically bribing people for the privilege of buying their house. This is the second one to fall through. I'm now looking at houses with 100k lower asking than the amount I'm actually targeting, just to have enough to be able to throw the biggest bribe at them. FUCKING SUCKS, I'm finally making the kind of money to get into an amazing house and here we are. Fuck.

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[–] • 2 pts

You’re bidding against Blackrock. They have multiple layers of LLCs to obscure that they’re trying to buy up all the housing. I’m sorry, but your plan is good. Pick a good neighborhood, bid on a house well beneath your budget, then do repairs yourself. You’ll have a safe, comfortable home even if it takes 10 years to make the repairs/updates.

[–] • 2 pts

It's hard even finding dumper houses to rehab these days