How To Locate Flipping Opportunities

8 Replies

Hi Everyone!

I've been researching for websites, databases, and software that could identify properties behind on their taxes or mortgage. My results so far aren't encouraging. Some websites contain some of the information required, while others possess nothing. My experience in real estate isn't vast, but finding a reliable set of comprehensive data appears to be one of the harder steps in the flipping process.There are far more seasoned investors on this website, so any recommendations on websites, databases, or software would be greatly appreciated. 

@John E.

My suggestion is instead of spending money in buying lists or website subscriptions, get the lists straight from the source: tax delinquent from your county real estate tax collection office and mortgage/preforeclosures from the recorder of deeds office. Then hire a VA (virtual assistant) to scrape the list for data, get owners mailing addresses and phone numbers.

You are better off spending money on a VA then buying data which might not be up to date or correct. Getting the data straight from the source is definitely the best way!

@John E. Virginia is a non judicial foreclosure state, so the filing of the notice of default and notice of trustee sale are public information there has to be a subscription servive that gathers that information for you. Or see if you counties grant you access to that information. Id start there.

@Sal Castaneda

Thanks for the information! I plan on continuing my research and find a more efficient way of identifying potential opportunities. Sal, would you mind tagging some of your BP network that might be able to provide some input on my post? I'd really appreciate it. @Laura Alamery I would greatly appreciate if you could do the same. I haven't received the level of responses i was hoping for. If you all can't, i understand! 

@John E. Im new here so not sure what tagging you on my bp network means but feel free to reach out with any questions you may have along the way. Been acquiring distressed properties for over 10 years and know my way around.
Originally posted by @Sal Castaneda :
@John E. Virginia is a non judicial foreclosure state, so the filing of the notice of default and notice of trustee sale are public information there has to be a subscription servive that gathers that information for you. Or see if you counties grant you access to that information. Id start there.

 Judicial or non judicial...it's still going to be a public filing. Doesn't matter what kind of foreclosures are done in the state. You can do a judicial foreclosure in a non judicial state. You just can't do a non judicial in a judicial state but regardless, in either type, the filings are public.

Originally posted by @Sal Castaneda :

@Ron S. correct! Both are abailable. However in non judicial states the public information is ontained easier than in judicial foreclosure states and that was the point i was making.

 You go ahead and keep making your point...i'll go ahead and keep correcting and clarifying.

:)