Looking for help to find which deals to execute on

[Drew Mullin]

I need someone's help to help analyze deals and to more or less tell me which to execute on. I'm an investor that is looking for off market properties for fix and flips. I have done 2 with only ok margins and I need to increase my profit. 
I need someone local to help me with this, if someone is successful atm and willing to spend time with this could figure out some way of monetary compensation for time and help. Or Jv structure. Person would have to have a successful portfolio of recent transactions. Thanks 

[James Hamling]

Quote from @Drew Mullin:

@James Hamling yes I have learned a good bit in cost overages this year lol. Thanks I appreciate the ideas - would cut out reason for competition that makes sense 

From what I read here on your other responses, my best advice is go get a Real Estate license. 

There is no downside to this, only upside. 

Think of this more like getting a membership to a semi-exclusive club. Your seeking to learn things but it's more about proximity, access, network. 

Your weakness in comp, it will fix that. 

And it's going to teach you how to properly source deals because wholesalers is NOT the way. Wholesalers are your competitors, not your friends.

Wholesalers are extractors, that's literally their job, to achieve maximum extraction from a deal. That is fundamentally opposed to you the flipper where you are seeking maximum margin. 

There is a handful of legit wholesalers still operating the "old school" way, where we are win-win. But they are ever so rare today, not just a needle in a haystack but more so finding a specific color of needle, with a specific bend to it, in a stack of needles in a hay barn....... 

How to find a "deal" is so much simpler than people make it out to be. 

Your a Flipper, so what problem are you solving? You take physically distressed property, to market standards, for profit. 

Ok, so now you have your target asset, physically distressed. And not just any kind right, structural is hard to make $, cosmetic is where the $ is, right. 

What property situation best fit's that? Estate, right. Or aged persons transitioning. 

Decent homes that are 20, 30 whatever years outdated, assorted deferred maintenance. 

Now understanding your target demographic, it's just putting together a highly refined detail of exactly who they are. From there it's just about making your vehicle of how you pitch to them, and how you get that pitch in front of them. 

If you go where these people are, make a simple pitch, not pushy just detailing who you are and what you do. I guarantee if you spend the hours going door to door, yes literally door 2 door, presenting self and talking to people, you will get 10X the deals you'd ever get trying to pitch your buy-box to a bunch of wholesalers or agents. 

See, even this comes down to having a correct system in place. 

Name the big-name established pro you look up to, any, name em, did they get there via begging wholesalers to feed them? Nope. 

Dependency NEVER paves a path to freedom. 

Independence is the only path to freedom. 

On the buy side you want to be laser focused with being direct with sellers, no exceptions. That is your focus. Sure, you allow others to bring deals to you but that need never be your focus. 

Your focus need be, be a solution provider. Be a service to the community. And then let them know you exist. 

Being a Flipper should be a service to the community, not an extractor from-it. 

Being an agent, get with a good team, or group, who's going to train the snot out of you and circle with great mentorship, your gonna get everything you ever imagined and so much more.