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Updated about 6 years ago on . Most recent reply

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19
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2
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Felix L Perez
  • Levittown, NY
2
Votes |
19
Posts

Problems getting another house

Felix L Perez
  • Levittown, NY
Posted

Hey guys, 

So Im 24 and I've only flipped one house so far. I bought it out in Shirley, New York on Long Island. That process was relatively simple, it was a HUD home with the bank asking for 130,000 so we simply offered $125,000 and they accepted. In the end we ended up selling for $235,000 made a decent profit and that was that. I was very excited after this process to find a new house and start everything all over again. Since then I won an auction but a lien came up last minute and we were forced to back out of that deal. After that we (and by we I mean me and my family who I work with) have been analyzing houses constantly and putting at least 10-20 offers per week FULL ask price and it's been a few months with not a single person accepting our offers. I was wondering if there was anyone from my area or anyone who has gone through a similar situation who could tell me what Im doing wrong to fix this situation. Any advice would be appreciated!

Thank you,

Felix Perez

Most Popular Reply

User Stats

473
Posts
230
Votes
Taylor Chiu
  • Real Estate Agent
  • Salt Lake City, UT
230
Votes |
473
Posts
Taylor Chiu
  • Real Estate Agent
  • Salt Lake City, UT
Replied

@Felix L Perez

I would try out the things that Derek mentioned, if you haven’t been doing those already. This market is tough! it is tough to find anything except for off market deals that makes sense

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