Getting started but not gaining any traction

[Charles Tucker Kimbrough]

Greetings Bigger Pockets,

My Name is Charles T. Kimbrough I recently moved to Big Sky Montana and have been trying to get a property under contract.  I was able to start a real estate partnership with the owner of a property management company in town and I have read so many success stories in real estate where the investor talked about how the first deal was life altering and propelled them into more and more deals.  But in my case reality hit and in 4 months of submitting offers I still don't have a lead.  But in my case I remain optimistic and have continued to read and learn about how I can create a pattern of success in real estate.  I will not lie I have spent several sleepless nights recently analyzing deals in different states to try and get something going it has been taxing physically and emotionally with lack of sleep and nothing really going my way.  But every morning I wake up and keep trying hoping that eventually my efforts bear fruit. 

About Charles T. Kimbrough:

In May of 2020 I graduated from Auburn University with a degree in Industrial and Systems Engineering. I am a U.S. Marine Corps Officer under contract as a student naval aviator. I commissioned as a 2nd Lieutenant in August, but my next officer training and flight school has been delayed until June 2021 due to COVID-19. Given the unexpected gap in my Marine Corp training, I work at Big Sky Resort a as a ski and snowboard instructor at the Madison Base. When I moved up to Big Sky a few months ago I was struck by the raw natural beauty of this place and I want a piece of Big Sky to call mine forever. I have placed several offers on properties in Big Sky but none have gone through yet. I hope  that my fortune changes soon.  I have a goal to replace my military income before I start to put me on the path to financial freedom early and I am confident I can achieve that goal. 

The reason for this post is I am encouraging others to share their current or previous struggles in real estate and how they either have or plan to overcome them.

[Erik W.]

Let's break this down a bit....

4 months of submitting offers.  What does that mean?  How many offers are you submitting per month or how many offers have you submitted in total?  Are you getting any feedback from Sellers at all (i.e. counter offers) and if so what about your offers aren't appealing to them?  How many deals are you looking at vs. how many offers are you submitting?  How are you structuring your offers (all cash, some owner finance needed, 100% owner finance needed, bank financing needed?)  Are you submitting the necessary documentation with your offers to show that the deal can and will be done if the Seller accepts?  Things like "purchasing as is with no contingencies", etc?

Also, what kinds of properties?  SFHs?  Duplex-Fourplex?  100+ unit apartment complexes?  The TYPE or property can make a big difference.  I wouldn't expect to land 10 deals a month if you're after big fish.  But smaller ones shouldn't take too long to get a hit.

Details needed!