My husband, Kevin, and I are looking for homes to flip in the Salt Lake City area, where we live. We have extensive experience in construction and property management, but are new to flips. Our next step is finding a good deal! The golden question. 😊
Thanks to BP, we’ve spent hours and hours learning about real estate investing and are now ready to take some aggressive action to get our first deal.
What’s the best place to look for deals in the SLC area?
Anyone else doing flips in Northern Utah that we can connect with? Thanks!!
@Charlotte M. Varble Attending local real estate investor meet ups is a good way to make those connections. I've been to a couple myself recently and I've found them to be helpful.
Check these out.
Utah Real Estate Investors Association
@Charlotte M. Varble connect with wholesalers like myself and get on their lists so you can have deals start coming thru your inbox. Analyze each deal then pull the trigger when you see the right property. Wish you the best!
Below are some deal sourcing ideas
- MLS and Realtors
- Banks and REOs
- Driving for Dollars Use https://dealmachine.com/ ... Mail Marketing
- Web sites, Email,Internet, Social Media Marketing
- Cold Calling distressed owners
- Cold Calling Probate and other real estate attorneys
- Local Real Estate meetups and groups
- HUD and other government programs
Best of luck in all your endeavors.
@Charlotte M. Varble - You could try
1.) Direct mail
2.) Contacting FSBO
3.) Contacting houses that look neglected
4.) Speaking with a probate attorney and getting leads on people getting divorces
5.) Pull the tax delinquent lists and market to them.
6.) Speak with the top eviction lawyers in town and see if any of their clients have expressed interest in selling
If you have construction experience would you like to look at new build opportunities?
I agree that the REIA's are a great place to find contacts.
@Michael Ablan thank you so much!
@Anthony Dadlani great list, I appreciate it!
@Kyle Pierce I’d love to learn more about what you do and if it would make sense to work together. Do you have a website or some other way to get in contact?
@David Fairall I’ll definitely check these out, very helpful!!
@Jordan Atkin I don't think we want to take the time for new build, but I don't know ROI numbers, so I suppose we could be open if it makes sense. How can we learn more?
@Charlotte M. Varble if it doesn't jump out at you like something you want to pursue then I wouldn't recommend it. Get through some flips and go from there. Hope to see you at SLREIA tomorrow!
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