Best methods to find potential FLIPS?

[Bud Meacham]

The market is very competative in California. How are you finding FLIPS in your state?

[Joel Bongco]

Quote from @Bud Meacham:

The market is very competative in California. How are you finding FLIPS in your state?

I agree that the market is very competitive in California - especially if you are searching via the MLS or making offers to distressed or vacant property homeowners.  You'll be in a sea of sameness with veteran and newbie investors driving/dialing/door knocking for dollars and making offers.  An approach that we use is to provide value to the homeowner - especially to distressed homeowners.   You can be a resource to the source (e.g. California Mortgage Relief Program).  There will be many situations where you can help a homeowner save their home -  however, in other situations they just want to sell quickly which provides a wholesale, fix/flip, buy/hold opportunity for you.  The art and science of it all is that you don't lead with "I want to make an offer on your house", instead, you ask the homeowner "how can I help you?" and you don't cherry pick those that want to sell only -- you help them all.   If you are honest and transparent with homeowners, you'll find a consistent pipeline of deals.  Use Propstream or PropertyRadar to find distressed homeowners in any state.