You’re ready to buy. You’re searching for deals—but can’t seem to find any! What now?
Well, I’m sorry to say that you’re out of luck—there is no available inventory in the U.S. right now. I’m kidding, guys!
Try Looking Elsewhere
I’ve always said that there is no bad piece of real estate as long as the price is right. So, if for whatever reason you can’t find a deal in the market that you’re currently in, it’s simple: look in another market.
I mean you have 50 states to work with! And not only are there a lot of other markets, there are also a lot of micro-markets.
I’m based in Toledo, and I still feel like a kid in a candy store. There are deals falling off trees. I encourage you to look into the Midwest as the East Coast and West Coast recover. The Midwest is always a few steps behind, so it doesn’t go up in value nearly as much as the coasts.
And if there’s nothing available in the U.S., go to Europe! Go to Australia!
Go to the Bahamas! I own a lot of real estate in the Bahamas.
What I’m trying to say is the world is your oyster. It’s pretty amazing to live in the times that we do now.
Try Doubling Down
A few other alternative strategies if you can’t find a deal, I think you should double down on your acquisition efforts. You can spend more time cold calling, spend more time prospecting, and submit more offers. You can send more yellow letters, work with more real estate agents—leave no stone unturned.
You have to remember that real estate is a numbers game. You have to commit to the numbers daily. You have to meet with real estate agents and submit offers, submit offers, submit offers. Keep submitting offers and eventually you will pick up that deal!
Keep reading the article “How to Find Deals When There Is No Inventory” here:
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