How do you find your best deals

[Greg Heroy]

Hello everyone, I am new to the site/forum/investing. I have done some research over the past month and found that flipping is going to be where I begin. I have looked at properties with a real estate agent off the MLS. Any of the ones that had profit potential are already sold, and did so within 10 days of being listed. I finally have financing in place (I wanted to dive in and see houses to find out what I was getting into before securing financing) and I am ready to make offers. I was curious how everyone is finding their best deals. Is it from the MLS, auctions, direct marketing, etc. Good luck to all, it seems like a very helpful community!

[Adam Mitchell]

@Greg Heroy there is nothing wrong with starting with a flip but be prepared and have your mindset prepared for stress. I personally love flipping houses but they are stressful. You HAVE TO learn to expect and plan for the worst case every time and you will probably lose money on the first thing.

GUT CHECK

However after you complete your first flip you will wither fall in love with real estate investing or never do it again. You need to learn whats really inside you heart regarding this question. The way to make money flipping is to 1) Do one 2) Figure out how to get better on the second 3) Do another 4) figure out how to get better 5) do another....you get the point. If you stop at one because you didn’t make money you have no chance.

So if you are going to start flipping plan on doing several so you can become good at it.

Im fired up for you right now! Good luck and if you have any questions let me know.