How do you search for new opportunities to flipping houses? Here are some
tips:
1. Keep reading the newspaper ads. As your knowledge and experience grows,
you will be able to weed out the less desirable
properties quickly, even from the sparse details in a tiny ad.
2. Keep your eye out for "For Sale" signs. Many sins go up before the ads
for those properties hit the papers. If you drive the same route all the time,
start taking new roads. Bring your notepad and pencil where you go, and take
notes.
3. Regularly contact brokers, agents and other real estate professionals. As
you develop a network of contacts, get it to work for you and be willing
to provide the same service for others.
4. Call on professional in businesses related to real estate. Bankers,
lawyers, and accountants, financial advisors, property managers, appraisers,
mortgage lenders, and consultants can provide you with rich sources of property
information.
5. Call on your friends, relatives, and associates in the community. The are
excellent source of current real estate information.
6. Check out real estate auctions. You may find good deals, and you can also
use the opportunity to expand your network of sources.
7. Find Foreclosures. Read your local newspaper, business journeys and
notices provided by local, state, and federal government agencies. Banks and
other lending institution are also good sources for information on foreclosures.
8. Call people out of the blue. If a piece of property draws your interest,
give the owner a call. You might discover or even create an interest in selling.
Even the owner isn't interested, he or she might know someone nearby who
could be looking for a buyer.
9. Get connected with professional real estate institution. You will find them
an invaluable source of information.
