Finding Your Next REI Project Shouldn't Be That Hard

Finding a fix and flip property that will make you money in the end can take considerable time and effort. The process can feel overwhelming. But there are things you can do to make everything go more quickly and smoothly.

Tap Into The MLS (Multiple Listing Service)

If you have direct access to this listing of all available properties marketed by real estate agents, then use it. If not, consider contacting a realtor who specializes in REO properties (those owned by a lender). The realtor can help you locate up and coming neighborhoods, prepare a CMA (Comparative Market Analysis) and craft a competitive offer.

Start Internet Searching

There are numerous property listing sites such as Zillow and Redfin where folks can search on their own and potentially snag a deal. These sites are great for finding FSBOs and for identifying comparable homes for sale when estimating your ARV (after repair value).

Additionally, internet lists such as Foreclosures.com can be a treasure trove of distressed properties that just need a little love.

Join Your Local REIA And Network

Seek out a local real estate investment group to talk to other house flippers, contractors, lenders, and other professionals who have the experience and know-how to provide wise counsel. The National Real Estate Investment Association can help you find local groups with meetings near you. It’s a great place to start and to network!

Time Limited? Consider Wholesalers

Think about working with a wholesaler like MarketPro who is in the business of locating and purchasing properties and then selling them to flippers who complete the work and sell the property. The wholesaler serves as a middleman and receives a commission for their service. They are often well connected to realtors, brokers and other professionals within the rehab industry.

Find Off-Market Properties With Us

From time to time, we take ownership of properties from deals that may have gone sideways. These projects are often partially completed with plenty of equity yet to be unlocked. To see a list of these properties, head to our website here.