If the laws of marketing are true and work - the more you advertise the more leads you will have, and the the more you can buy.
But what keeps you from buying currently when you come across a deal that fits your mold? (whatever your formula is) Given that there isn’t anything extremely wrong with it like warzone or structurally.
Do you just look for homes in a certain area?
If you have a project currently, do you pass on it because of time or money?
Not sure if I worded it clearly, but just trying to figure out if there is anything that keeps you from buying up every property you can get your hands on?
I pass on house because of 2 reasons, first I am too busy rehabbing a house. My rule (everybody is diferent) is that I buy fix up and when I have a person to move in I buy another. That is designed to avoid having a bunch of houses I am marketing at teh same time.
Reason number 2 is my job gets busy from time to time. When I don’t have time to do a house I will let the deal go.
It takes time and money to do a rehab. There are carrying costs to do a rehab.
If you buy 50 houses and they are all waiting for their turn to get worked on, the carrying costs would bury you.
In my area, the good deals don’t come along all that often that you could have hundreds of them stacked up.
Sometimes it is a lot easier to buy projects than it is to actually finsh them. I’ve known people who have dozens of half finished projects and nothing ever gets done. When it is time to work on something, they decide it is better use of their time to go and find something else to buy.
What keep me from buying is finding the right deal. In my target area, finding a property that will cashflow is still the limiting factor. I try to invest only in “middle middleclass” and leave the low end to others. I’ll pick up a higher end SFH ($250K+) deal if it will make money, but I usually flip these properties since they still won’t cashflow as rentals.
Getting a property at no more than 60% of ARC is STILL tough even in this market
I figure that most people won’t be buying up 50 houses at a time. But I also know that alot of rehab investors don’t like having more than one or two houses at a time (usually one). So that’s why I was asking, “what keeps you from buying?”
Looks to me like most don’t want to buy a few and then be stuck with them, or that cash is a limiting factor.