Updated almost 4 years ago on . Most recent reply
Difficulty Finding a Deal
Aloha everyone, I started taking consistent action since the start of 2022. It's been a little over a month now. Do you guys have any tips/advice for me?
I've been analyzing deals.. Putting in offers.. Driving for dollars.. Looking up pre-foreclosures.. Putting in offers for properties on the MLS..
I feel that I am missing a key component to lock in my first deal. Any help is greatly appreciated!
Most Popular Reply
Sometimes you are going to put in MULTIPLE offers before you see anything come to fruition. In this currently inflated market, that is the norm. Keep at it. I'd start a mailing campaign as well. Send 100 handwritten letters out to an area, then follow up with them about a week after. Here's a tip: handwrite 1 letter, then photo copy it. It has the same effect. The pros of a mailing campaign are that you can hit a large area in a very short amount of time. This is a numbers game.
I second the previous comments as well. Don't rush. Not every deal will be the right deal for you. I'd build a network of investors that you can refer those deals out to in exchange for a finders fee or a small portion of equity. Just because its a bad deal for you, doesn't mean it's bad for someone else!