How to look for home 30,000 to 40,000 in Georgia

[Nancy Nelson]

I am fairly new on this site. I am looking for a home between 30,000 to 40,000. I am wondering how do I target homes
25% under the market value, even though I need to do some minor rehab before I resal. I live in Georgia. Thanks!

[Watson Smith]

If you try and find one on the MLS you'll probably get into a bidding war and end up paying more than 30-40k right now. Look on CL or go to the court house auctions. Another option is hand out your card to the sheriffs department. There're the ones who do evictions and might run into a landlord who wants to dump a house that isn't worth his time anymore. You can still find them in that price range but its getting harder. They will require more than "minor" fix up. Might want to even wait till the 4th quarter or very beginning of the 1st quarter if your not finding anything right now that doesn't have multiple bids.