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Updated almost 9 years ago on . Most recent reply

User Stats

180
Posts
83
Votes
Gary Siver
  • Flipper/Rehabber
  • Orange Park, FL
83
Votes |
180
Posts

northern florida

Gary Siver
  • Flipper/Rehabber
  • Orange Park, FL
Posted

Are all the good deals gone around jacksonville florida?   Its becoming harder and harder to find good deals especially in they area that I like to buy, which is Orange Park and Middleburg.   That has become a hot area for flippers lately.  I have several wholesalers that have been sending me deals for months now and there numbers don't work.  They don't work because they usually inflate the arv $10-20K or they send me mls listings and add to that price aswell.  I'm sure I don't see the good deals from the wholesalers because I'm not one of there top buyers or they keep them and flip them.  Any feedback is greatly appreciated. 

  • Gary Siver
  • Most Popular Reply

    User Stats

    91
    Posts
    24
    Votes
    Stacy Williams
    • Real estate investing
    • Jacksonville, FL
    24
    Votes |
    91
    Posts
    Stacy Williams
    • Real estate investing
    • Jacksonville, FL
    Replied

    It is all in how you look at it. Some homes you will win and some you lose out. It is similiar to fishing. You can spend the big dollars and go all out for the catch of a lifetime, or you can keep doing the same things and hoping to land a "deal." Locations matter, timings matter and what you see as an opportunity may not be an opportunity to someone else. Change your viewpoint and go looking with another person. Perhaps a visit to the REIA groups to see what others are doing might give you a boost.

    If you are sending out letter campaigns, maybe change your letter. Talk to realtors in the area. See if any might throw you a deal that meets your qualifications. Many of us deal in distressed properties - Fires, divorces, death, bankruptcy, etc.   I highly doubt your specific area of clients are not going through one of those. I am sure you will agree it has become hard to spot them and even harder to catch them before another person does. They are there. Just getting your name out there might be all of the difference. Place yourself in their shoes and think what would you do? Many people go to church, family members and friends for support. Others call attorneys and real estate professionals. In this business, it is not if, but when it happens. Keep you head up! Something as simple as talking to the postal clerk in the neighborhoods you seek would give you a leg up. Never doubt the good deals have gone away. Just as in fishing, when the opportunity bites, be ready!!! 

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