Feb 26, 2020

Find Houses to Flip

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←Older revision Revision as of 04:18, 27 February 2020
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#*This will give you a sense of where cheaper homes tend to be in a neighborhood. This can help narrow your search down the road, when you're searching for homes through a real estate agent or other outlets.  
 
#*This will give you a sense of where cheaper homes tend to be in a neighborhood. This can help narrow your search down the road, when you're searching for homes through a real estate agent or other outlets.  
 
#*Keep in mind undervalued homes are not always the cheapest. You want a home sold lower than market value, but one that can be repaired and resold down the road. The cheapest home in an area may have serious problems, and not be worth the investment.  
 
#*Keep in mind undervalued homes are not always the cheapest. You want a home sold lower than market value, but one that can be repaired and resold down the road. The cheapest home in an area may have serious problems, and not be worth the investment.  
#*There are some new websites in certain areas of the county that can give you a good place to start and they do some of the vetting for you. For example, BelowMarketValue.com <ref>https://ift.tt/2TgW3so> is currently available in the North Texas area, which includes the Dallas/Fort Worth metroplex.  However,  BMV does a great job of running automated comps and comparing it against the list price, so that below market value ( or undervalued) deals are already filtered for you.  Even though every deal may not be a great deal it can give you a great place to start your research into a potential property.  This site also gives some other useful stats like REO sales and average days on market in the area.  These kind of numbers can give insight into what is going on in the target neighbor.
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#*There are some new websites in certain areas of the county that can give you a good place to start and they do some of the vetting for you. BMV does a great job of running automated comps and comparing it against the list price, so that below market value ( or undervalued) deals are already filtered for you.  Even though every deal may not be a great deal it can give you a great place to start your research into a potential property.  This site also gives some other useful stats like REO sales and average days on market in the area.  These kind of numbers can give insight into what is going on in the target neighbor.
 
#Visit your county clerk's office to find homes in the foreclosure process. Homes going through a foreclosure process will generally be cheaper. Foreclosed homes are easy to flip, and may not require extensive repairs. You may be able to make an offer to the owner directly, which may be cheaper than going through a real estate agent. You can visit your local county clerk's office, or the county clerk's office in the area you're looking to buy, to find listings of foreclosed homes.<ref>https://ift.tt/3acXgYr>
 
#Visit your county clerk's office to find homes in the foreclosure process. Homes going through a foreclosure process will generally be cheaper. Foreclosed homes are easy to flip, and may not require extensive repairs. You may be able to make an offer to the owner directly, which may be cheaper than going through a real estate agent. You can visit your local county clerk's office, or the county clerk's office in the area you're looking to buy, to find listings of foreclosed homes.<ref>https://ift.tt/3acXgYr>
   


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