More help for newbie flippers.

 As I showed yesterday HERE often a great deal can be created with the right terms.

Following on from that the other thing to consider if you are trying to sell investments to others is to understand that your idea of a good deal and somebody elses is often going to be different.

I believe we often pass on great deals because our initial thought is that they are no good or don't fit my "model".

So most people all pursue the same sorts of deals. Minimum net yields and minimum discount levels, ability to add value etc. etc. are all our stock in trade.  And this can cause much frustration to newbies chasing the same deals everybody else is.

So avoid this trap by looking for a niche that everybody is NOT in.

For example I have 2 clients who will only buy in A grade areas with significant equity and they will sacrifice yield to get that result.

So i can find for them in 2 zip codes that no investors or wholesalers are looking because the sale prices are too high for them all.

End result I have no competition in a profitable niche and pretty much guaranteed buyers.

Where do i find the clients I hear you ask?   Well instead of chasing so many deals like everybody else you think about how to locate some of these niches and invest some energy in that area first!

I will do a blog next week to help you find them but hey my experience of opportunity is that it usually comes dressed in overalls cleverly disguised as hard work!!

Kiwi in Memphis ~ Dean