How many deals did you do this year?

[Levi T.]

I'm interested in seeing what others are up to in terms of volume. How many deals do you do per year, and what methods do you use? It does not matter if your buy and holding, flipping, or wholesaling.

I'm doing around 20-30 buy and hold deals per year, I'm on track for 30 this year, mostly townhouses, but we do get the random apartment deals now and then... We use MLS/Agents, letters, and networking to find deals.

[Levi T.]

Originally posted by @Oscar J Osorio:

I am amazed to see how you guys are doing so well, if you can answer a question for me, that's a lot of deal you guys are working on and a lot of capital involved, how and you guys must have a lot of capital already, I'm closing on my 4th and it has been very difficult, what am I doing wrong and how are you guys again, doing 20,30 in one year or less any input would be great, thanks

If you operate on the idea that the property is worth market, and that's what you pay, you wont make it far in this business, or it will be hard going. For someone to win, someone must lose. Make sure you're on the winning side.. always remember that.

You will notice everyone who is really good at this business in their respected niche of real estate or property type will spend a lot more time marketing. Last week I contacted over 300+ people to see if they wanted to sell their property for 50% less than it was worth.. It's a numbers game, 5 people responded.. 2 people told me never to contact them again if I'm going to make such a lowball offer, 3 others said they would be interested, so tomorrow I'm walking 2 properties and will be making an offer, the 3rd owner I'm still in talks with.. I expect at least 1 of them to close, but very likely all 3 will accept my offer as we have our process down pat.

If I get all 3 properties at 50% less than market, rehab, rent, then sell one of them in x time, I have capital to buy 2 more properties, or more.. This leads to my other post above where I got 2 properties for 80/85k each, worth 150-160k each.. Do the math, and you will see you could buy 2 property, sell 1, take that capital and buy 2-4 other properties (In that example I could sell both and buy 7 more deals) , sell 1 more, and buy 2-4 more.. I call it the two-step, buy two properties (or more), sell one, and buy two more... and that's how the business get's done. If your good at it, you can buy/sell one, buy 10, off you go... When you really get this, you start to understand market price means nothing.