Investor · Tampa, FL · Member since 2019 · 80 posts · 17 votes
Hello BP!
I wanted to post a thread that I hope will show what is and what isn't working right now with regards to finding deals in this HOT market!
I'll go first, Me and my team are finding most of our leads/deals from driving for dollars in our local markets (Tampa and Brandon Florida) that we either take down ourselves or wholesale off to other investors. We have also pulled lists such as Out Of State Absentee Owner and Text blasted the list then Warm called the leads
Please Share What Is Working For You Guys! Thank You!.
Real Estate Syndicator · Portland, OR · Member since 2014 · 453 posts · 312 votes
5y
@Marc Nicolàs Mariano
That doesn’t seem like the right mindset. There are deals out there, it just takes a lot of work to find them. But ya, the pickings can be slim for sure if you’re expecting something to just pop up in front of you.
We just bought a condo from a wholesaler, 165k, don’t have to do anything to it. Sell for 220k. We’ll see how it goes.
Real Estate Syndicator · Portland, OR · Member since 2014 · 453 posts · 312 votes
5y
@Marc Nicolàs Mariano
That doesn’t seem like the right mindset. There are deals out there, it just takes a lot of work to find them. But ya, the pickings can be slim for sure if you’re expecting something to just pop up in front of you.
We just bought a condo from a wholesaler, 165k, don’t have to do anything to it. Sell for 220k. We’ll see how it goes.
That doesn’t seem like the right mindset. There are deals out there, it just takes a lot of work to find them. But ya, the pickings can be slim for sure if you’re expecting something to just pop up in front of you.
We just bought a condo from a wholesaler, 165k, don’t have to do anything to it. Sell for 220k. We’ll see how it goes.
It's not about the right mindset, it's about the deals that one is able to find. In the MLS, I'm not finding good deals lately, here some recent examples of what I thought could be good opportunities, but price-wars end up raising the price so much that I lost any interest.
With these tight margins, it only makes sense if you pay in cash or are willing to not make much profit. In my case, I don't need flips for living, so I'm okay by not purchasing properties if there's not a large buffer.
If you have some wholesalers that have properties in the Vancouver area, please send me the contacts! I'm currently looking for a property for me :)
Real Estate Syndicator · Portland, OR · Member since 2014 · 453 posts · 312 votes
5y
Marc, Again if you want something to fall in your lap, keep falling back to the MLS and Zillow.
Have you tried door knocking? Have you tried handwritten notes?
Drive around and look for houses that need work, leave them notes that you want to buy. Like I said before, it's about how hard you want to work, the deals are out there, you just have to be willing to find them.
Jeremy Romig does a lot of auction work in Vancouver Area, look him up, there are deals there all the time, but you'll probably need cash.