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Updated over 6 years ago on . Most recent reply
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Frustrated - next step REI Investement Houston
Hello,
i started in 2016 in REI in Houston while holding my full time job.
I did four flips two of them where from wholeseller (I am still holding one of them two years later because it would not nsell even at loss) , the other two were very successful (I got them through my PPC) campaign.
now i am at the point where I am not getting quality deals through my PPC nor through any wholeseller deals I see, may be because it is very comparative here in Houston and people are selling to take thin deals.Hi
The question to those who make 3-4 deals/month
should I start making thin deals assuming that with volume it will make up or just keep waiting on those "good deals" that seem to never show up
I am also looking for a mentor who can help me take my business to be a steady one.
Thanks
Most Popular Reply
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I kinda have a different take on it. People take thinner and thinner deals based off of emotions. And that’s playing with fire. One miscalculation can cause another flip project to turn into a buy and hold very quickly.
Maybe do some wholesaling or construction work to build some working capital. Or work with an agent to help you find something. Mine a different territory. Change of the business model. Just get creative but remember numbers are numbers. No one is forcing you to make any moves if you don’t feel comfortable.