How to Get Offers Accepted?

[James Hutley]

Hi Team

I am from sunny South Africa and I am new to the buy-to-flip investment strategy. I don't think I battle with fear of taking action when I see great deals, what I have found is out of the 95 properties I have looked in the past 8 months I have made 20 offers made I still have nothing to show for all this.

I keep thinking that there is something I am missing.

I start with my end price in mind and work backwards taking off holding and refurb costs to get to my initial offers. This normally works out to the same figure I get if I use the following algorithm (ARV*.7-Refurb Costs).

Has anyone else battled with this kind of thing before?

[Scott Isbister]

Keep up the persistence.  One suggestion is try to find private deals.  The benefit is you can talk to the seller rather than an agent doing it on your behalf.  The benefit is you can figure out what is important to the seller.  The seller might have other things more important to them then simply price.  The art of a deal is working out something that is good to both sides.  Its hard to do that when you are not personally speaking with the seller.

Good luck!