I’m living proof that’s not true.
It’s a numbers game.
If you talk to enough people & make enough offers, you will find deals.
In a hot market, you may have to talk to more people to find a deal than in a cooler market, but they’re still out there.
We just closed on a deal this week that we plan to do a “Lipstick Flip” on.
We had people offering us $10,000-15,000 more than we paid for it just to “Quick Flip” it to them, but we knew if we put a little work into the house, we could make significantly more than that.
We plan to do a light remodel & then sell it again to a family who will live there.
How did we find this deal?
It was a referral from a seller we had bought a deal from previously.
We called them about a year after the first deal & asked if they had any other properties they’d be interested in selling.
They did.
What’s great about getting people to refer deals to you is that there is no marketing cost, which can increase your profit significantly.
One way you can find more deals is to let your family & friends know that if they hear of anyone looking to sell a house that needs some work, they should contact you first.
You can make them an offer off-market, which will save them in real estate commissions, and then you can Quick Flip it, Lipstick Flip it, or Fix & Flip it.
This is a great way to earn extra income to support your ministry!
