How to find or create owner-financed deals in a seller's market?
I am looking to buy and hold in my area (Colorado). However, the area I am in is a big sellers market. My neighbor's house was listed at 3:30 yesterday, has had four offers and one or two were above asking price. Comps show it to be valued lower than asking price. I don't think I will be able to get any houses once they hit the MLS, since inventory is so low and houses are selling quick.
Besides trying to find houses BEFORE they hit the MLS, how can I compete with buyers who seem to have boatloads of cash? I can offer a quick exit for the seller, a small down if necessary, but what else can I offer to make it worth their while to sell to me? Any advice/comments welcome! Thanks!!
-Julie