Tips on finding properties for sale?

Question

Hey everyone!

I'm new to Bigger Pockets and I look forward to spending time on the site and learning as much as I can.

I was wondering if someone can give me tips on where to locate properties for sale? I currently own the house I live in and have about $50k equity in the property. It took me months to find the house, another 4 months to close (it was a short sale), and by the time I rehabbed the house with my own cash I didn't really get ahead. Sure, I have a nice home to live in with my family which is great, but now my plan is to find a house to flip.

I'm not sure the best place to start as I search for deals….looking through realtor.com and working with my realtor isn't giving me a lot of options. I think one of the keys to a profitable flip is buying the house at the right price but I'm having trouble finding cheap properties. I live in Kansas City.

Thanks for the help!

Rob Scarborough · Answer

Aaron L.

That is the $1mm question isn't it?  I'm still working on getting my first property, so I'm no expert.  If you listen to enough BP podcasts, you will hear a word used over and again - perseverance.  Stick with it, and keep to your numbers/goals.  The properties are out there, but they don't give themselves up easily.

Persevere my friend!

Aaron L. · Answer

Hi Rob, I plan on listening to a bunch of the BP podcasts & learning what I can. Thanks.

Aaron L. · Answer

@andy Thanks for the reply. I checked out the link and noticed there is another meeting in about 2 weeks so I plan on attending. Thanks for the info!

Andy V. · Answer

Welcome to BP @Aaron Leatherdale

You might try networking with some wholesalers in the Kansas City area or attending a meetup in your area.  I posted a link below to a BP post about one that took place about 2 weeks ago.

Kansas City Meetup