Finding Deals in a HOT Market

[James Williamson]

Hi fellow BPers,

Lately I have been having trouble finding my next deal (fix and flip). I have been actively searching for a month a now and have found little to even be considered. I know we are in an extremely hot market and the competition is high but there must be a solution to finding good deals in this market. Normally I find my deals through foreclosure auctions but I have found lately that the Banks are buying most of them back and the ones that are going third party are being bid way up by larger scale investors with more resources or simply buyers who want to live there and have found their way to the foreclosure market because of the even higher competition on the MLS. I have been actively searching the MLS as well as gotten in contact with a few wholesalers but haven't been able to find what I'm looking for in a Fix and Flip. I am curious to hear what others have done to find deals in a hot market. Thank you for your help.