Sacramento flipping and deal finding

[David Bui]

Anyone else having trouble landing deals? Am I too slow (probably), cheap (probably), or not talking to the right people (probably)?! I have $350k conventional loan to play with and personal cash.

I am working with a real estate agent and getting sent these deals, but they get swept up right away.  

I started marketing 2 weeks ago with door to door, cold calling, and direct mail. It's been 2 weeks, but will start doing more soon every morning before work.

How can I find better deals? Should I try connecting with more real estate agents or will that just be the same results since its public on Zillow and MLS?

[Joe Bertolino]

We are not in a market where you will find a deal on the MLS that could can buy with a loan or you send out a few mailers and door knock for a few weeks and get the deal of a century at that price point. You need to find something off market or a house that has been listed for 90+ days. You need to create value (floor plan, bathroom addition, etc) or add an ADU. The higher volume flippers and wholesalers evaluate 50-100 deals (mostly off market) for every one they close. That doesn't mean look at 50 deals on zillow. I think you need to temper your expectations a little bit and stay at it. You will get one, but it is going to take some time and you need to be ready to jump. When a good one falls in your lap you don't have time to analyze it for 4 days, you gotta pull the trigger and go all in with your best offer.