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Updated almost 4 years ago,
First time flipper, can't get one deal
Hey everyone! My first post, I'm so excited to be here! For the last 6 months, I've been educating myself through books (thank you Luke Weber and J. Scott!), podcasts, Youtube, online, forums, even hired a mentor because I have been really excited to start flipping houses. I have learned SO MUCH and have taken action trying to find that first deal. I've made over 50 serious offers and I haven't gotten even ONE deal yet! I use the 70% rule to generate my offer but seems like the competition is fierce because every single offer I'm making - someone is beating me out! In my area, ARVs are 200-250k so using the 70% rule gets me a 15k-20k profit, which is what I'm aiming for. I've connected with over 50 wholesalers, multiple realtors, MLS, facebook leads, craigslist, FSBO, friends and family, local REIA, and cold-calling. I just sincerely don't understand what I'm doing wrong - Can anyone provide some advice? It would be much appreciated!