I can't find deals anywhere!
Hi all,
I recently dropped out of graduate school to work as a broker's assistant due to my passion for real estate. I am young and helping my mom find an investment property (specifically in the Reno, NV and rural outlining areas). I have been scouring the MLS every day, multiple times a day for months now and can't seem to find anything that has a CoC ROI higher than 4%. I spoke to a broker in my office (who is an investor himself) regarding finding off-market deals, and he said they are very difficult to find. He says this is mostly because, even if a homeowner is in a dire financial state, they likely still have a ton of equity in their home due to recent massive appreciation rates.
Just to clarify: Our main concern is cash flow.
I'm trying my best to not give up, but conditions are looking bleak.
What are you all doing to find deals (whether on- or off-market)? I just simply cannot seem to find a single one.