Just make offers?

[Arthur Fuller II]

I've heard on more than one occasion (in countless podcasts), that I need to be making several offers a week.

I'm a brand new investor and as yet have not completed my 1st deal. I have not gotten any good leads from my mail campaign (I know this takes time...) So I'm looking for deals in other places. Mostly things on the MLS over 120 days and I'm getting some stuff forwarded to my by wholesalers.

My question: I have found some houses that, if flipped the profit might be marginal. Should I make an offer or wait until I land on more of a sure thing.

I'm afraid that since I haven't flipped a house before I'm holding out for that home run deal.

Thanks for your feedback!

[Linval T.]

@Arthur Fuller II

Welcome to the vibrant BP community. Your time here will be well spent.

With reference to your question, it's a foregone conclusion that a flip might produce marginal ROI. Now, my take is why should you settle for razor thin return that borders on being negative in the event you run into problems with the rehab?

I know you are anxious to get started, but, need to hone your skills and search for that flip which will be worth your time, effort and results in a solid ROI which doesn't have to be a home run deal.

Now that you have made the move, below are some links that will help with the navigation of the site.

• http://www.biggerpockets.com/starthere
• http://www.biggerpockets.com/meet
• https://www.biggerpockets.com/alerts
• How to Use @Mentions on BiggerPockets
• https://www.biggerpockets.com/rules
• https://www.biggerpockets.com/terms
• https://www.biggerpockets.com/invites
• https://www.biggerpockets.com/perks
• https://www.biggerpockets.com/forums/categories

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)

https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)

Before your 1st purchase, please ensure you visit the below link for some tips.

https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/

REI books suggested by BPers

https://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)

Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.

Continue to feast on the Podcasts, #askbp Podcasts, blogs and webinars

Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational, thought provoking ideas relevant to REI.