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Updated over 6 years ago on . Most recent reply

User Stats

51
Posts
18
Votes
Ayman Elmasik
  • Investor
  • Houston, TX
18
Votes |
51
Posts

Frustrated - next step REI Investement Houston

Ayman Elmasik
  • Investor
  • Houston, TX
Posted

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

User Stats

117
Posts
34
Votes
Michael Pittman
  • Real Estate Agent
  • Houston, TX
34
Votes |
117
Posts
Michael Pittman
  • Real Estate Agent
  • Houston, TX
Replied

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.

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