What is a good way to do this that doesn't require you to be a super real estate guru? Also what is a good method for finding underpriced properties on the market?
2006-08-13 04:04:21 · 2 answers · asked by I Know Nuttin 5 in Business & Finance ➔ Renting & Real Estate
I think you have your questions turned around. If you can find properties at a signifcant enough discount (50 - 70% of "ARV" after repaired value), finding an investor to flip it to will not be a problem.
Typical flips these days are somewhere in the $5,000 to $15,000 per transaction range. Don't let people try to make you take less. In fact after a couple of them, you won't because you will realize how much work it is to get them to begin with.
You can start to build your "buyer's list" by attending your local real estate club. There you will meet other investors who may not have the time or inclination to find the deals, but will want to buy some throughout the year.
I use flyers and signs to have people call me to sell their home if for what ever reason they need to sell and sell quickly.
Hope that helps.
GA John
2006-08-13 06:00:52 · answer #1 · answered by ga_rei_guy 3 · 1⤊ 0⤋
Sure, Donald Trump.
2006-08-13 04:09:53 · answer #2 · answered by about2teach 2 · 0⤊ 0⤋