I am trying to bank on the law of averages, but I have to say, this is becoming annoying. last week I bid on 58 properties, and thus far this week 10 bids are in. Something has to happen and soon, I feel it.
I am wondering just how many bids will equate to an accepted bid?
Furthermore, how many accepted bids will result in the the purchase then flip of a property?
Add to that, suppose that the ratio is something to the extent of 100:3 x 3:1, this would mean that in order to make an income of appx. 20k, I would have to close roughly 3 per month. 3 per month would mean looking at and doing the comps on about 300-400 properties a month!
Thats alot of properites, it takes me hours to do 20 comps. How would I ever "get-er-done"?
sounds like a few months in trenches and then off to hire a small staff. Well lets stop speculating for now, and get back to placing bids.
twitter.com/brandonabryant
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