How to Get Offers Accepted?
Hi Team
I am from sunny South Africa and I am new to the buy-to-flip investment strategy. I don't think I battle with fear of taking action when I see great deals, what I have found is out of the 95 properties I have looked in the past 8 months I have made 20 offers made I still have nothing to show for all this.
I keep thinking that there is something I am missing.
I start with my end price in mind and work backwards taking off holding and refurb costs to get to my initial offers. This normally works out to the same figure I get if I use the following algorithm (ARV*.7-Refurb Costs).
Has anyone else battled with this kind of thing before?