Finding fix and flip deals, cold calling and other things

[Anthony Lynch]

Hi all. Wanted to see people’s opinions here. Always see great opinions and great advice on here and just wanted to see if people experience similar issues starting out looking for off market. My business partner and I have started to looking for deals for fixing and flipping sfh. Both of us have pretty good experience rehabbing from past properties and work. We’re looking for off market deals through various channels like sending out postcards, cold calling and networking with wholesalers. Nothing seems to be really working. We have been looking for the past 7 months. Cold calling, we must have went through over 3k leads from 2 areas on cold calls. Repeated postcard sending also. Wholesalers send deals but 20 other investors are bidding for smaller margins. Real estate agents are similar. What probably doesn’t help also is that we will be using hard money which eats into profits and so getting that better deal seems to be harder compared to investors that have cash. Wanted to see if others had this type of struggle initially searching for off market deals? Is it something that clicks after some time of trying? Also I’m looking in the Northern California region near concord area. Both of us still very driven to get our first deal but wanted to see if it is something people go through initially and when did they land their first deal. Thanks all in advance. 

[Julie Muse]

@Jonathan Greene I totally agree with him. 

THe more appointments you go on the offers your make, the more offers you make the more deals in your pipeline. It's hard starting out to stay motivated when nothing seems to work.  I bet you are very close to your first deal.  The fortune is in the follow up. I bet you probably have a deal sitting in your pipeline. Jack of all trades, master on none. Here is my thoughts on that.  When we don't find success in a strategy we tend to move to another one.  Become brilliant at the basics, stick to one strategy and kill it. Then, once you have mastered that add something else to your tool belt. Your going to spin your wheels dealing with agents and wholesalers.  You have a true business when you know how to source leads. I don't use postcards anymore. I just am not seeing the return on investment.  I usually get PPC leads or work a motivated lead source such as pre foreclosures.  Also, don't knock driving for $'s. If you picked me up and put me in another location and I wanted to find a deal, that is what I would do first.  Good luck with everything and happy investing