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Top 5 Must-Haves for Flipping Houses - Be a Good Deal Finder
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been in real estate for about sixteen years
explored all the different aspects of real estate:
private money loans
hard money loans
Big component of house flipping is finding DEALS
WAYS TO FIND A DEAL:
MLS (Multiple Listing Service)
Everybody can go there, but we do more extensive remodels.
Create a value-add type properties, where some people might go on and they’re looking for more of the easier, cosmetic fixers.
Network of real estate brokers
they bring me a deal they can write the offer and earn the commission
whenever I’m out at a networking event I just let everybody know that I’m an investor and I buy houses
- they assign the contract to an investor like me, who can put the capital together to buy and close on the purchase.
Probate attorneys and or probate realtors
when somebody dies, and their property is not put into a living trust their property is going to go into some form of probate. So there’s a lot of opportunity in probate.
FSBO’s—for sale by owners
people think that they just want to sell--sell it themselves to save the commission. They don’t foresee there is enough equity to pay a commission
Landlords—burn out landlords
their tenants just thrashed their house and they just want to get out
are usually really good at finding deals ‘cause they’re out working and people always walk by the property and they start building relationships with neighbors in the area
Direct: 925.852.8261Managing PartnerSFR Ventures Inc.BRE #01307829