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Updated almost 13 years ago,

User Stats

47
Posts
2
Votes
Tony G
  • Rehabber
  • Minneapolis, MN
2
Votes |
47
Posts

searching for properties..stick to plan?

Tony G
  • Rehabber
  • Minneapolis, MN
Posted

newbie here so please be patient with me :) my business partner and i have been working with a real estate agent who's cdpe cetified and have found some good properties for us. we have been looking for about a month and a half and haven't gotten a property to work on. we have found some potentials and have put in a couple offers at asking price. with those offers, we have gotten beaten out due to owner occupants or other investors who bid a lot higher than asking price. we are looking to make about 15k-20k per property and sticking to that because anything under 15k isn't worth it to us, we would rather wait for a better potential which is possible in my market since we put in 2 offers that would have made at least 15k. we like to have guidelines for purchasing our properties and stick to a game plan.

with that being said, do we need to adjust or re-strategize our game plan with this dry/competitive market right now? are there other avenues besides a real estate agent where we can find properties?

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