Finding deals on potential flips/rehabs

[Konrad L.]

Hello,

Looking for my first house to rehab/flip in the central CT area. My realtor has a filter which sends me some properties once in a while, including foreclosures. I have also looked on homepath for REOs.

I'm curious to know what sources seasoned rehabbers/flippers use to find their/your deals. Are most doing foreclosures, short sales and REOs using the MLS? If so, are foreclosures favored over the REOs or vise versa? If not, what other sources are tried and true? I've heard the auctions can be very risky, so at least for now, I'd like to stay away from them.

Thanks in advance,

Konrad