How are YOU Finding Deals In This Market

Question

Hello BP!

I wanted to post a thread that I hope will show what is and what isn't working right now with regards to finding deals in this HOT market!

I'll go first, Me and my team are finding most of our leads/deals from driving for dollars in our local markets (Tampa and Brandon Florida) that we either take down ourselves or wholesale off to other investors. We have also pulled lists such as Out Of State Absentee Owner and Text blasted the list then Warm called the leads

Please Share What Is Working For You Guys! Thank You!.

AJ Shepard · Answer

@Marc Nicolàs Mariano

That doesn’t seem like the right mindset.  There are deals out there, it just takes a lot of work to find them.  But ya, the pickings can be slim for sure if you’re expecting something to just pop up in front of you.

We just bought a condo from a wholesaler, 165k, don’t have to do anything to it.  Sell for 220k.  We’ll see how it goes.

AJ Shepard · Answer

@Marc Nicolàs Mariano

https://discountpropertywholesalers.com/properties/single-story-house-in-washougal-ready-to-go/

AJ Shepard · Answer

Marc, Again if you want something to fall in your lap, keep falling back to the MLS and Zillow.

Have you tried door knocking?  Have you tried handwritten notes?

Drive around and look for houses that need work, leave them notes that you want to buy.  Like I said before, it's about how hard you want to work, the deals are out there, you just have to be willing to find them.

Jeremy Romig does a lot of auction work in Vancouver Area, look him up, there are deals there all the time, but you'll probably need cash.

Marc Nicolàs Mariano · Answer

It's not about the right mindset, it's about the deals that one is able to find. In the MLS, I'm not finding good deals lately, here some recent examples of what I thought could be good opportunities, but price-wars end up raising the price so much that I lost any interest.

ARV 300  - Asking 229, SOLD for 250k cash 3b1b https://www.zillow.com/homes/8...

ARV 340 - Asking 280, SOLD for 300k https://www.zillow.com/homedet...

With these tight margins, it only makes sense if you pay in cash or are willing to not make much profit. In my case, I don't need flips for living, so I'm okay by not purchasing properties if there's not a large buffer.

If you have some wholesalers that have properties in the Vancouver area, please send me the contacts! I'm currently looking for a property for me :)

Marc Nicolàs Mariano · Answer

Nothing in Portland, even from wholesalers offers can go 10k above  asking for fixers, and there's barely any profit unless you go 100% cash.

Example of a recent case for me:

Price: 270k

ARV: 350k

Repairs: 30K

Financing & Holding 10k

Selling 15k

Profit = 25k.

Not worth for me being at the peak of the market and while I have a job.

Dianne Shehadeh · Answer

@Nathaniel Walker

Hi! I am just south of Sarasota and have been driving for dollars and I can find the vacants but have the most difficult time in finding the owners.

Now, of course, those properties are gone. I am looking for my first wholesale deal still and working my day job.

I want to follow and see what else is working for the south west side of Florida.

How are YOU Finding Deals In This Market

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