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Updated almost 3 years ago on . Most recent reply
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Difficulty Finding a Deal
Aloha everyone, I started taking consistent action since the start of 2022. It's been a little over a month now. Do you guys have any tips/advice for me?
I've been analyzing deals.. Putting in offers.. Driving for dollars.. Looking up pre-foreclosures.. Putting in offers for properties on the MLS..
I feel that I am missing a key component to lock in my first deal. Any help is greatly appreciated!
Most Popular Reply
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Sometimes you are going to put in MULTIPLE offers before you see anything come to fruition. In this currently inflated market, that is the norm. Keep at it. I'd start a mailing campaign as well. Send 100 handwritten letters out to an area, then follow up with them about a week after. Here's a tip: handwrite 1 letter, then photo copy it. It has the same effect. The pros of a mailing campaign are that you can hit a large area in a very short amount of time. This is a numbers game.
I second the previous comments as well. Don't rush. Not every deal will be the right deal for you. I'd build a network of investors that you can refer those deals out to in exchange for a finders fee or a small portion of equity. Just because its a bad deal for you, doesn't mean it's bad for someone else!