Know that feeling of frustration after you put in tons of offers, but just can’t seem to get a deal? Hey, we’ve all been there. For some, it’s frustrating enough to drive them to give on real estate investing altogether. But I think that’s a bit extreme. Especially considering there are ways you can pivot the lack of deals and turn it into a way to improve your business as a whole.
Not convinced? Read on…
How Many Offers Does It Take To Get To A Deal?
To get the answer to that, take a look at your numbers and try to come up with an average of offers vs. deals. Even if you haven’t got a single deal, you have gained a wealth of analytical data you can use to analyze your system and repair it.
In my experience, you need to be putting in between 20-30 offers per week. My business probably averages 25-27 offers per week to get one deal on the MLS. This could be slightly different for everyone but, if you’re not having any success, it’s probably because you haven’t put in enough offers yet.
Find Out What Works For Other People
Once you’ve committed to making 20-30 offers each week, you can spend some time focusing on doing just that. See if you start getting more deals as a result. If not, take a look at some other factors that could be affecting it. For example, make sure your talking to the right sellers and looking at the right kind of houses. That being said, those are all things you should be doing anyways!
If you pinpoint some weakness in your system, that’s your cue to take a look around and see what has been proven to work for your competition. Remember, the idea is not reinvent the wheel!
What Works For Me
I’m giving away my Property Inspection Checklist. Grab your free copy today and start calculating repairs more quickly and accurately. It’s the same checklist our field agents use… and how we flipped 38 houses last year! ***CLICK TO DOWNLOAD***
To YOUR Success,