Working with a budget

[Shawn Erato]

I have a budget of $250k to purchase my first fix and flip property. What price range should I be looking for deals? I see a lot of overpriced homes. Should I look in the low 300s and offer 250? I’ll take any advice I can get. 

[Mason Weiss]

Hey Shawn, look for homes in the 230-300K range that have been sitting on the market longer than 60 days. Then start making low offers. If you find a listing at 230K that you get for $180K, it just leaves more room for you to use your capital elsewhere so long as you are happy with the house. The main point that I would focus on though is days on market, find some sellers that might be getting nervous/desperate.