Finding the right property is critical when it comes to the real estate investing practice known as “fixing and flipping.” For those who are just getting started in the field, the prospect of finding new properties can seem very daunting. So how can you find properties that are in the a condition and price range that makes them suitable for use as a “fix and flip”? Well, most distressed properties are suitable for fix and flip projects and there are number of strategies you can use to find these homes. That’s exactly what we’ll explore in today’s article from The Short Sale Gal Kristine Zelazo.
How Do You Find Distressed Properties?
Distressed properties can be fairly easy to find if you know where to look. Consider these tips for finding real estate that may serve as a suitable investment property.
• Go driving. Take a drive around town and look for any homes that show signs of neglect. You may notice that the grass is long and the yard is unkept. There may be notices from code compliance affixed to the door. The home may be in poor condition and obviously vacant. Once you’ve identified a property that falls into this category, write down the address and look up the owner in public records. In many cases, these property owners are ready to sell, if only to eliminate the burden associated with owning or maintaining the home.
• Buy leads. You may opt to invest in leads, which can be effective for identifying potential real estate deals. Of course, it does take some time to call on the leads and identify which leads may actually lead to a transaction. And you must be ready to act quickly if you purchase leads as they won’t be valid indefinitely.
• Post online. Use the power of the web to find distressed properties that you might acquire for a fix and flip investment. Get active on social media. Post on sites like Craigslist. Use the power of the web to express your interest in acquiring properties.
You can even use more traditional approaches, such as posting up “We buy ugly houses” signs on the roadside. These signs can be very hit or miss as code enforcement staff often pick up the signs in fairly short order. But if you have the patience, you can often succeed using this method. Just be sure to get a Google Voice phone number for use on the signage and forward it to your primary number. Otherwise, if you use your primary phone number, code enforcement can look up the number and issue a fine!
Ready to Get Started in Real Estate Investing?
If you’re getting started in real estate, consider working with a real estate investing mentor like The Short Sale Gal, Kristine Zelazo. Getting started in real estate investing can be somewhat challenging, but when done right, you can stand to make significant profits. You’ll have lots of advantages in this regard when you work with a real estate investing and short sale expert like Kristine Zelazo, better known as The Short Sale Gal.
Kristine has even launched a new program, called The Bird Dog Program, which is designed to help individuals get involved making money on real estate deals and short sales.
Based in Florida, Kristine works with both buyers and sellers and she is an experienced negotiator. So if you’re an investor seeking to get started in buying short sales and need a great mentor or wish to pursue a short sale transaction for the sale of your property, turn to Kristine Zelazo, the Short Sale Gal!
To get started with selling your home, simply complete the home pre-sale form to provide Kristine with additional information on the property in question. Then, call 800.664.0616, x802.