Many folks have a real interest in flipping properties, especially after the TV shows make it look fun and easy. Unfortunately, flipping homes is difficult but can also be quite rewarding. The key to any flip is finding the right property in the right location for the right price. Thankfully, there are many different ways to find properties and if you are serious about making this work you will use all of them.
Below are a variety of ways to find properties to flip. Please be aware that each market is different, some of these may work very well for you while others may not have the same impact, whatever the case may be I encourage you to try them all as well as others, especially if you are serious about having great success in your flipping business
Flipping properties – 13 ways to find properties to flip:
- Direct mailings to motivated sellers
- Look for properties that are for sale by owner
- Look for properties that have been on the market for 90+ days
- Make a lot of offers
- Find a real estate agent that will submit low offers often
- Place motivated seller ads on craigslist
- Network with other investors/investing groups
- Submit bids on HUD and REO properties
- Ask banks for list of re-possessed properties
- Find probate attorneys in your town and network with them
- Familiarize yourself with websites like hubzu, and auction.com
- Visit your courthouse’s clerk office and look through list of foreclosed homes
- Look on Craig’s list for properties for sale by owner
Please note that these are just a few ways to find a house to flip, there are many others that are not listed that may work great for you. If you give these recommendations above a try, I assure you that you will find quite a few options of homes to flip. Good luck with your new flipping business, I assure you that if you have the determination and belief you will do quite well in this business.