Struggling to find good flips

[Mike Boss]

I've noticed that sellers in today's market really don't want to lower their overinflated listing price. It's becoming more difficult to find good deals. I found this one SFH listed for $95k in a neighborhood where all the comparables sell for $130k-$150k. The property needs a good amount of work (around $40k). It would make sense for me to buy the house for $50k and put $40k work (all in $90k). And sell for $140k. But the seller doesn't even want to go below $90k from the $95k list price. It's been on the market for a while now because he keeps rejecting everybody's offers. I told the listing agent to call me if he ever changes his mind.

Until then I keep searching for properties in Ohio and submit low ball offers. It almost feels like I’m casting out a fishing line but no bites. I’m frustrated because I have the cash but cant seem to find anything. And I don’t want to force myself into a deal that isn’t good. 

I’ve thought about using prop stream or batch leads and calling a list of 1000 homes. Not sure if it works or not? 

I'm trying to find those rare deals that are very undervalue. For a flip I want to net min 30% ROI. And for a rental I want to hit a minimum 15% net ROI annually. some people think my numbers are unrealistic but I know it's not impossible. I just need to figure out how to find these deals.

I wanted to see if anyone has been in my position. I’m a young investor and sometimes it’s easy to become impatient or frustrated. I also invest in stocks but I missed the  opportunity with Bitcoin and NVDIA. I wish I could go back in time. Now I try to keep my eyes wide open and look for opportunities whether it be real estate, stock market, or something else.