New to the investing game and looking to get some insight

[David Belostock]

Hello BiggerPockets,

I am a 22 year old with an above average construction background. I went into the construction industry to study estimating so that one day I will be able to work with investors to provide prices for renovations. As of now I sit in the office doing market research for a relatively new residential investing company. My company's goal is to find what they call a "farm" or an area with multiple rehabbing possibilities rather than only one or 2. My problem is that once I manage to find a good area, most of the homes I see on the market end up getting sold before the end of the week... Am I looking in the wrong areas? 

Our managing directors tells me that I should be looking for a market where the homes fit our criteria ($60,000 - $180,000 to purchase and no more than $50,000 to rehab. Also looking to either flip for ~20%+ or rent out for at least 1% of the ARV). He wants me to look for homes that fit this criteria but also will sit on the market for at least 1 month so our investors will have a chance to look at what they are going to be investing in. My main question is: Is it realistically possible to find homes that fit our criteria but also will remain on the market for an extended period of time? It just doesn't seem possible

[David Belostock]

Originally posted by @James Wise:

@David Belostock 

welcome to the site.

 Thank you, I'm glad to be here