How do you find a house to fix up? I have been driving around town and scanning the internet for several months and have not had any luck. Looking for suggestions
do what @Chris Seveney for sure
drive around more and look for properties in bad shape,email market to realtors,attorneys,bail bond companies and the like
if you are handy with a hammer go work with another investor for free and learn the the remodeling biz
i met a new investor at our last meetup,he is buying a wholesale deal from a friend of mine
my friend and i are both goin to help him remodel for free to learn more about this business
put your work boots on and always remember there are not quick easy ways into this biusiness
welcome to bp @Jessica Selby
How many owners did you talk to when you were driving around?
First what type of property do you want to flip? House, apartments, duplex's
What's the price rang? you can flip a 30,000 house or a 1,000,000 house
Do you want to flip for a rental or resale? So in most cases that comes down to the neighborhood
Write a plan down of what kind of property you want to flip, then you can narrow it down.
don't look for a for sale sign. Find the properties that look like a great flip, write the address down and find the owner. Then you call and ask.
You: Hi my name is ------- I was driving by your property on (give the address) and it fits of what I'm looking for, have you ever thought of selling it.
If they ask why be honest, tell them your plan maybe they wanted to do the same thing but do not know how or the funds.
I also look for rentals, I drive or look in the newspaper and look for rentals, ones that are not property managed and ask if they would sell or if they have any others for rent they don't want or handle.
Your goal is find ones that are not out for sale, in most cases if you find one for sale when you are driving around another investor has looked at the property or a agent called one of there investors and said I have one that just got on the market before the for sale sign hit the ground. Don't get me wrong you can find good flips when they are on the market, its just harder to find.
I would try and be on the list of people that the agent calls
Don't get discouraged, its not easy but when you get a flow going it gets easer
Hope that helps
I am a new investor and I was able to find a few deals within days without driving around. I also suggest to network with your local wholesalers they constantly have deals available.