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Updated about 3 years ago on . Most recent reply

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612
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Derek Brickley
  • Lender
  • Ann Arbor, MI
211
Votes |
612
Posts

Struggling to find deals

Derek Brickley
  • Lender
  • Ann Arbor, MI
Posted

Hi all!  I graduated from college in 2022 and started working at a mortgage company and have gotten preapproved for a househack.  I’ve been looking for about a month and a half with a investor-friendly agent for on-market deals but I haven’t had any luck. My goal for 2023 is to get into my first househack in a 2-4 unit property preferably side-by-side or up-down.  At the moment nothing is being listed in my local market, and anything listed is not in my Crystal Clear Criteria for location/sub market or the numbers are no where close to making it a good deal.  I won’t push myself into a deal that doesn’t work, but I am getting very eager to make it all happen.  Does anyone have any thoughts or suggestions?  I don’t know much about finding deals off-market, but I’m wondering if that is where I need to start.  Thank you in advance!

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5,038
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4,685
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Taylor L.
  • Rental Property Investor
  • RVA
4,685
Votes |
5,038
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

A month and a half isn't very long to be looking. It's incredibly frustrating at the beginning, but investors who succeed are the ones who stick it out and keep looking. The grind absolutely stinks the first time you do it. But once you accept that it's a natural part of the process it gets easier.

You may need to go off-market and network with other investors and wholesalers in the area. 

Patience and persistence are rewarded in real estate.

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