First deal strategies during low inventory market

[Dan Guenther]

Hey BP community, 

Along with many others out there, I have been trying to get into my first house hack for a few months now. I have been taking the traditional conventional loan approach and have the pre-qualification in line but with all the competition my offers haven't been considered. 

Is there anyone that can offer some advice on getting a deal during low inventory? I'm thinking I need to get creative and start looking off market or foreclosures but I just don't know enough about these strategies to be confident. 

P.S. looking to buy in Longmont, Erie, or anywhere in the North Denver Metro

[Dan Guenther]

Thanks for the advice everyone! I should have worded that a little better. Since I’ve had struggles with the conventional route with low inventory I was thinking of looking into private lenders/hard money for a off market/foreclosure.

That being said, I was able to make an offer on a house that had just come back in market yesterday and we are now under contract!

Hoping for a manageable inspection report!

Thanks again everyone

-Dan