All Forum Posts by: Jackie Dausuel

Hi Jimmy

Thanks for getting back to me! I am generally focusing on the Overbrook/Carol Park areas mainly because that's what's worked for me in the past. The comps are solid ($165-$179 ARV is what I'm targeting) and @ 30 DOM for full rehabs that done/ priced right. It seems the higher priced rehabs tend to sit on the market longer... obviously smaller buyer poll in those zip codes. I'm targeting a 30-35% ROI. I am starting to consider other areas, perhaps some lower price points but would need to make $25k per deal to make it all worthwhile (since I would only be doing 1 deal vs multiple at one time).

     There were 2 properties just this week I had a strong interest in   (#’s worked)  that we’re “under cobtract” before I could even get in them!  The best one had a ton of interest so they were doing an open Friday ( no individual walk thrus) and then I get an email wendsday that they accepted an offer “sight unseen”.   Super frustrating!   Any suggestions?  Any feedback would be much appreciated! 

Thanks!

Hi All

I am a semi- newbie looking for deals in the Philly area. 2 flips in the past 2 yrs were profitable, but the REO agent I was working with suddenly has "no deals".....over 9 months +. I used them as both the buyer and listing agent on both deals and all went well and everyone made $$. Not sure why they are shutting me out now except for the fact that the market is saturated with investors that ultimately have much more buying power than myself. All that said I have + $140K cash available (free and clear), a great/available contractor, yet I still can not find any deals that make the #'s work. I am not a buy and hold investor. I am only looking for flips right now. Nothing on the MLS is making the #'s work and am feeling super frustrated. I am hesitant to deal with wholesalers bc I am too green to know the good ones from the bad....and cant afford to be burned. Any suggestions?