1 property in and one on the way ... but don't seem to build up a head of steam

[Otchi Gal]

Hi all,

We manage to buy 1 properties in Maple which is doing quite nice and one the verge of getting which should yield over 10% after costs.

We want to buy at least 2 more properties this year.

The thing is, we were lucky to have a friend that passed them over to us. We have yet to build up a network of our own.

I live in Israel so every night, instead of Netflix, I look at the MLS, try to connect with agents with off market deals, but no progress yet.

How would you suggest to go forward?

Thanks a lot.

[Nathan Harden]

Wow, congratulations man! Not an easy task to invest long distance to start, let alone out of the country!

Just keep your head down. Deals come in waves, sometimes when it rains, it pours!

[Shane Kelly]

Hey! Happy to hear you were able to find a deal and that it's going well for you! Most don't even make it that far, so be proud. Off market deals are tough right now in my experience. Truly great wholesale deals aren't as plentiful as they used to be. And if you're reaching out to agents like myself who are connected with wholesalers to try to find off market deals, you'll probably have a hard time because of how the market is. Good deals go extremely fast, so we have to put one of our buyers to them instantly if we know it's worth going forward with. Because of that, if you're not one of our buyers that we've worked with before it can be a risk to let the deal slip out (not saying you're not a committed buyer, just saying that a lot aren't). With all of this being said, networking will be your best friend. Meet more people in the market, make a trip out here if you can. Things like that expand your basis to work from. Best of luck!

[Otchi Gal]

Quote from @Shane Kelly:

Hey! Happy to hear you were able to find a deal and that it's going well for you! Most don't even make it that far, so be proud. Off market deals are tough right now in my experience. Truly great wholesale deals aren't as plentiful as they used to be. And if you're reaching out to agents like myself who are connected with wholesalers to try to find off market deals, you'll probably have a hard time because of how the market is. Good deals go extremely fast, so we have to put one of our buyers to them instantly if we know it's worth going forward with. Because of that, if you're not one of our buyers that we've worked with before it can be a risk to let the deal slip out (not saying you're not a committed buyer, just saying that a lot aren't). With all of this being said, networking will be your best friend. Meet more people in the market, make a trip out here if you can. Things like that expand your basis to work from. Best of luck!

Thanks,

I definitely plan to!! 
Could January be a plausible time? (despite the cold :) )

[Shane Kelly]

Quote from @Otchi Gal:

Quote from @Shane Kelly:

Hey! Happy to hear you were able to find a deal and that it's going well for you! Most don't even make it that far, so be proud. Off market deals are tough right now in my experience. Truly great wholesale deals aren't as plentiful as they used to be. And if you're reaching out to agents like myself who are connected with wholesalers to try to find off market deals, you'll probably have a hard time because of how the market is. Good deals go extremely fast, so we have to put one of our buyers to them instantly if we know it's worth going forward with. Because of that, if you're not one of our buyers that we've worked with before it can be a risk to let the deal slip out (not saying you're not a committed buyer, just saying that a lot aren't). With all of this being said, networking will be your best friend. Meet more people in the market, make a trip out here if you can. Things like that expand your basis to work from. Best of luck!

Thanks,

I definitely plan to!! 
Could January be a plausible time? (despite the cold :) )

 January is both the coldest and 2nd snowiest month of the year here, so while you might have to suffer through a blizzard and you better dress warm, it will be a very cheap time of the year to visit as no one else will be!