Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
When it rains it pours! 3 Properties under contract!
The market here in Syracuse is a little tighter than in years past and while there are some properties for sale, they have been selling for 5-10% more than I am willing. I don't know whether to attribute it to more flipping competition or guys willing to work for less. It doesnt help that the Than Merrill/Fortune Builders flipping class ads are on the radio and tv around the clock. Just recently I saw another man and woman pushing there flipping class on tv too.
I probably looked at 15 properties and made offers on about 7 in November, December and the first couple weeks of January with no luck in getting anything under contract. It was very frustrating and I think I was wearing out my agent! Also, I use my own employees and If I didnt get anything soon we would be out of work. Well things started coming together a couple weeks ago and I now have 3 properties under contract to flip. I should close on one next week and the other 2 mid month.
Just shows persistence pays off!