Flipper/Rehabber · Leominster, MA · Member since 2020 · 667 posts · 384 votes
6y
Prospect for deals. Check housing court - are there evictions? Those landlords could be at their wits end and ready to sell. Foreclosure starts. Abandoned properties.
I don't know the exact number, but there must be about 1 million homes on the market and there are many great deals.
I like the feeling when I can't find a property for a long period of time. The extra time to look for properties gives me time to relax and to do extensive property research, to sharpen my math skills for crunching numbers to compare.
I like to move very slowly to make sure I am always making the best decisions to maximize my ROI. Otherwise, people with anxiety often lose out on a lot of money, or lose all their money.
I will do my research from about 8 pm until 1 in the morning for several months and look at a thousand properties because in the evenings is the only time I get to focus without being interrupted.