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Updated almost 5 years ago on . Most recent reply

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7
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Tanner Litchfield
  • Rental Property Investor
  • Lehi, UT
4
Votes |
7
Posts

Finding First Flip in Seattle Area

Tanner Litchfield
  • Rental Property Investor
  • Lehi, UT
Posted

Advice on finding my first deal for a flip?

I understand networking is key. I've joint local REI groups, but if I'm new to the game, what advice do you all have on finding deals?

Thanks in advance.

Most Popular Reply

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49
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31
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Jordan Deeney
  • Flipper/Rehabber
  • Atlanta, GA
31
Votes |
49
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Jordan Deeney
  • Flipper/Rehabber
  • Atlanta, GA
Replied

@Tanner Litchfield. I would....

1.Scour the MLS.

2.Reach out to every wholesaler you can find. Look for them on BP, We buy houses websites, Bandit signs, facebook, craigslist. (Just know how to analyze a deal. You will come across a lot of bad wholesalers with bad deals in your search)

3.Look for investor friendly realtors. BP is a good source. 

4. After doing these steps when I started out, I was analyzing the deals coming in and then experimenting with finding deals myself. 

I don't know your background, but be sure to know the construction side fairly well or bring a trusted contractor with you for wholesale stuff. Typically you have to act quick, without an inspection, and with a good chunk of non-refundable money down. 

I Hope this helps!

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