Insight on House Flipping and/or New Build Markets - Off Market Deals

[Natasha Rooney]

Hello everyone!! 

I have some questions about finding off-market deals, wholesale properties, distressed houses, etc.

Looking at either getting into flipping houses or new build construction (then selling). How do people generally find the best priced properties or land to do this? Wholesalers? Through realtors who do cold calls, etc.? Obviously not regular MLS listings, although I know that it is possible to come across something good sometimes..

So far we are looking at the following broader markets and haven't quite zoomed in on anywhere in particular yet: Indianapolis, Buffalo, Columbus. Does anyone have experience in these areas that are willing to share some insight? Definitely open to other areas as well and open to hearing about your suggestions for other markets! Would love to connect with some people who have experience flipping and/or with new construction!! 

Thank you so much in advance! 

[Jonathan Greene]

It's a nice thought, but thinking about flipping or building new in markets you have no connection to when rates are so high is likely to be fool's gold. How many homes have you renovated or built? If none, going into a market that you don't live in because the metrics look good on a Top 10 list isn't the best plan.

Find some local real estate investor meetups and go to those for six months without missing and make some connections and you might find out you can do more locally than you expected, before going out-of-state and hoping those relationships are valid.