How does your inventory look on the month to month basis?!?

[Quinton Phillips]

How are investors today getting their deals? Do you guys solely focus on having one source or multiple?  If multiple, how do you keep up with deals that are actually good vs the ones thats a waste of time?  Also how consistent are you guys getting your deals?  

[Taylor Dasch]

Great question. I am definitely not qualified to answer because I just got to 5 properties. But I can tell you my plan that seems to be feasible.  I have found that a lot of wholesalers find deals in the worst parts of my market that hardly anyone will invest in. If they get one in a good location, the discounts are minimal.  So here is what I came up with: At the beginning of my career(right now) I am prospecting in areas that I would invest in - For finding deals as well as growing my business as a REA. If I find something that I like and the seller would benefit from an off market purchase, I will buy it. I always give them my criteria and walk through the numbers with them so that they dont feel like they are getting ripped off or have doubts/regrets about selling to me.  

When I am older and unable or unwilling to actively search for deals, I will get one or two people that have the same work ethic as me and give them a wholesale fee greater than what they would likely get from another investor.  I am not sure how this would work out but It would make sense to bring the deals to whoever will pay the most for them.  Also if you have your criteria set, they will know without a doubt you will buy it and they wont have to spend time marketing the property to other investors. 

I personally dont like having to go through a bunch of deals especially since most of the off market deals that I see in my market are not great deals.