How to find fix and flip properties?
Finding a right property is the key to make profits in fix and flip.
Let's see how you can find one.
Hire a real estate agent
A real estate agent will have access to the multiple listing service (MLS) from where the agent will provide you a wide range of properties.
Find your target
Try to find properties with features like public transportation, entertainment areas, shopping, restaurants, low property taxes, and great schools.
Browse local auctions
When a lender forecloses on a home, the home is usually auctioned off. These auctions are public information that you can find online.
Look for REO homes
If a home doesn’t sell to a third-party at auction, it becomes a real estate-owned (REO) home. This simply means that the property ownership reverts to the lender.
Consider driving through ideal neighborhoods and looking for homes that seem abandoned or in need of repair.
Use public records to find the homeowner and send a letter explaining your interest in the home. Some homeowners are eager to sell, but they don’t realize their home holds value for investors.
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