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Updated almost 2 years ago on . Most recent reply

User Stats

4
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2
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Chase Lawson
  • Real Estate Appraiser
2
Votes |
4
Posts

1st to 2nd

Chase Lawson
  • Real Estate Appraiser
Posted

Greetings all, 

I am excited to say I have roughly 90% completed with the rehab of my first deal! (Waiting on flooring) Now that I have pulled the trigger I am ready to continue going. However, the issue I have found is getting a consistent deal flow. I have been doing my best to learn marketing tips/tricks to help find my next deal but have been struggling as I work full time as an appraiser and just had a newborn. 

While I am not asking how to do marketing or find deals, I am more curious of different strategies that work in my area. I am just looking to narrow my focus. 

Any feedback would be greatly appreciated. 

Chase Lawson


  • Chase Lawson
  • Most Popular Reply

    User Stats

    247
    Posts
    240
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    Ben Firstenberg
    • Investor
    • Cleveland
    240
    Votes |
    247
    Posts
    Ben Firstenberg
    • Investor
    • Cleveland
    Replied

    It depends a little bit if you're looking for off market or on market properties. If it's ON market, finding a good agent who knows what you're looking for and "speaks your language" will probably be all that you need for right now. 

    If it's OFF market you want, it'll probably take some more work and connections. A handful of wholesalers would probably do the trick.

    Based on your situation, it doesn't seem like it makes sense to be sourcing your own deals. It's a lot of work and frankly doesn't seem like it's your skillset. It seems you can add much more value in the rehab phase. 

    Also, don't be too hard on yourself about not getting consistent deal flow. MOST investors have a really hard time getting consistent deal flow. MOST investors probably feel like they wish they had better leads and more of them. ESPECIALLY in this market, where transaction volume is way down. 

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