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Updated almost 6 years ago on . Most recent reply

User Stats

511
Posts
345
Votes
Christopher Blanco
  • Real Estate Consultant
  • Cleveland, OH
345
Votes |
511
Posts

Still looking for that first deal.

Christopher Blanco
  • Real Estate Consultant
  • Cleveland, OH
Posted

I am really trying to stay positive but I feel like I have been spinning my wheels for the last 3-4 mos. I have evaluated 100s of properties , toured and budgeted well over 50 properties, put offers on on 7 or 8. Each offer was either beat out or ignored. I thought I had a house in Shaker this week and got beat out last minute by an all cash offer, even though mine was more. On the rental side finding houses that cash flow with high property taxes is next to impossible. 

I am marketing to Probate cases as well. I developed a program that will pull names and addresses in my target area. I got 3 responses from my first mailing: 1 angry person, 1 nice person but wanted off my list, and 1 apartment that slipped through my screening. :( I know it takes longer, but I was hoping for at least 1 lead on a 130 letters. 

I am on several buyer lists, but most of the wholesaling offers I have received are WAY high on ARV and way low on renovation.

I just feel frustrated. I have a lot of passion, I feel like I have a lot of knowledge. I have a contractor a realtor and 5 or six lenders ready to go, I just feel like I am missing something! Any thoughts or ideas?

Most Popular Reply

User Stats

47
Posts
25
Votes
Martin Morales
  • Investor
  • Brooklyn, NY
25
Votes |
47
Posts
Martin Morales
  • Investor
  • Brooklyn, NY
Replied

The missing ingredient that's never talked about in any entrepreneurial venture is "armor" and what I mean is reading Bio's, success stories which BiggerPockets has a whole forum on that.

I currently use the MLS to get my deals. Granted is a tough? yes. but who said life was easy?

I'm up at 4:30am looking at what came up on the MLS/Zillow/Trulia etc. it that extreme? maybe yes?

But how fast you want to be financial free? you must do what folks won't do.

Keep going and don't stop!!! you're doing great!

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