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Updated almost 9 years ago on . Most recent reply

User Stats

66
Posts
13
Votes
Alex S.
  • Contractor
  • Atlanta, GA
13
Votes |
66
Posts

Flipping/rehab advice Atlanta

Alex S.
  • Contractor
  • Atlanta, GA
Posted

Hello fellow investors, this is only my second post and never actually properly introduced myself. My name is Alex and I am a licensed contractor in Georgia and sort of a new investor.  My wife and I opened our investment doors in June, for purchase and rehab. She is to find them and I am to rehab them no matter the condition. I thought this would be quick and painless, but we have not been able to find any deals. We have a website, we are on Google with Adwords, (spent $700 on that last month) we mailed out over 1,500 postcards to vacant houses and houses that are coming up for tax sale, we have an ad on craigslist, and yet no deals. 

I know a lot of agents, but I have found that it seems to be hard to find an agent who is investor friendly, some tell me I am offering too low and I don't hear back from them, but I offer those prices because that's the price I need it at to make our profit. Plus most of the houses on the MLS seems to be overpriced and on the market for over 90 days, but still overpriced. Now wholesalers have houses listed all over, but when they say $10,000 worth of repairs I go and look at the house and it is more like $25,000. Are we doing something wrong? Or maybe it takes longer than 2 months to find a flip, I don't know.

Now I do get a lot of hits from my ad on google, but none fits us, most are wholesalers just looking for buyers, or people who are upside down or something that fits a buy and hold, but nothing that fits a purchase, rehab and sell. How are most rehabbers finding their deals, with agents, wholesalers or finding them on their own? Any advice would be greatly appreciated.

Most Popular Reply

User Stats

405
Posts
110
Votes
Davon Lowery
  • Investor
  • Whitttier, CA
110
Votes |
405
Posts
Davon Lowery
  • Investor
  • Whitttier, CA
Replied

Welcome Alex. Thanks for telling us about you. What is your trade, I would say niche, wood work, electrical etc?

Aside from want to be a GC on a rehhab/flip, have you considered a JV where, you and an investor partner. Investor provides cash you labor and proceeds of the sale are split accordingly?

What's your website by the way; any pics of your work on there? 

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