Philadelphia, PA · Member since 2017 · 32 posts · 4 votes
Hi everyone, I have been trying to look for investment in possibly flipping or renting a property out to use the BRRRR strategy. However, even though I have been actively looking at properties and deal. It seems that by the time i can get a schedule form the realtor to look at the house ( 2-3 days). The house has already been under contract. The realtor has been pretty proactive but, it seems that it will take at least a day or 2 to schedule an appointment to go see a house.. even though i want to see it the day of or the next day. It's getting to the point where i am considering getting a real estate license to just look at houses quicker...
Investor · Austin, TX · Member since 2017 · 70 posts · 76 votes
6y
What area is this post about? It's in the Austin, TX forum.
I would recommending connecting with other investors to figure out how to find off market deals on your own or through wholesalers. Buying from MLS and then doing BRRR or Flips doesn't seem like a good strategy in a hot market.
Investor · Austin, TX · Member since 2017 · 70 posts · 76 votes
6y
What area is this post about? It's in the Austin, TX forum.
I would recommending connecting with other investors to figure out how to find off market deals on your own or through wholesalers. Buying from MLS and then doing BRRR or Flips doesn't seem like a good strategy in a hot market.
Rental Property Investor · Austin, TX · Member since 2016 · 317 posts · 257 votes
6y
Hi Edward- I suggest you do some marketing for off-market properties in a focused area, network with other investors, wholesellers, etc. The retail market (MLS) is where real estate agents and the general public transacts real estate. In a hot market like Austin, it is unlikely that you will find a good deal competing with folks that are willing to pay above market values and get into bidding wars.
Investor · Austin · Member since 2019 · 26 posts · 16 votes
6y
@Edward Shen , are you looking in Austin? If the situation has only happened once or twice, then it could be just coincidence. Austin market is hot, but most properties won’t be pending over weekends, meaning if you schedule it in two days, it should be okay, unless you schedule for a Monday showing when the property was listed on the Thursday before. And like other folks mentioned, off-market properties could be an option, too.
Philadelphia, PA · Member since 2017 · 32 posts · 4 votes
6y
@Andrew W. sorry everyone this is suppose to be in philadelphia Area.I don’t know why it’s set to austin, accident sorry. However i am going to try again and see wha tha opens. Not sure where i can find off market sales or whole saler in the area
Rental Property Investor · Richmond, VA · Member since 2020 · 26 posts · 8 votes
6y
Edward shen my question to you is how many offer have you stuck in this week or this month. I think I may have some guidance for you based on your answer
Real Estate Agent · Cranberry Twp · Member since 2017 · 384 posts · 198 votes
6y
Our offices are in Pittsburgh And Philadelphia. Sometimes we can get into a property sometimes but usually worst case the next day, but I agree, everything is going very fast. Even on the ones that are still available we are seeing multiple bids on just about everything. Keep being persistent, you'll get one. And don't get caught up in bidding wars and over pay for your investment!
Philadelphia, PA · Member since 2017 · 32 posts · 4 votes
6y
@Corey Shimmel what you mean by how many offers I have stuck in? I was suppose to put in 2 but we wanted to see the house before we made and offer. Both were under contract by the time we we were going to go and see it.
Philadelphia, PA · Member since 2017 · 32 posts · 4 votes
6y
@Elise Bickel Tauber thanks Elise for telling me to keep persistent, i am going to keep looking and working with the realtor and see how it goes, but if thing doesn’t work out, maybe we can connect in Philly.
Rental Property Investor · Richmond, VA · Member since 2020 · 26 posts · 8 votes
6y
There are methods of placing a offer in without repercussions. One of the methods you can use is an (As IS Addendum) or (contingency) this allows you place an offer sight unseen. this addendum allows a ten day grace period to review the home, contract, price, renegotiate and or step out of the contract. Though you still need to do your homework on the property this will allow you to place multiple offer on multiple properties weekly and monthly. lastly if you want to meet wholesalers, realtors, investors, go to local rea meeting add meetup app and start going to these meetings. shoot me a dm if you wanted to talk more.