Finding flips

[Jennifer Fernéz]

How do people here find the best deals for houses to purchase and flip? Could anyone explain their process in a nutshell from how they find the property online to how they make an offer? In curious what qualifies a good deal from a bad deal. I feel like for the most part houses are priced fairly and there are many bank owned properties to choose from in my county. How do you differentiate the good homes from bad?

[Tommaso Montagni]

Hi Jennifer Fernéz, I experienced the same type of problem and started a company to solve it. (full disclosure this is my company, but I thought to mention it since it literally is the answer to your question - and it's completely free for investors).

Essentially what we do is every morning we analyze every listing on the MLS and for every listing we estimate After Repair Value, Rent Potential and repair costs. Then we display all this including comp sales and comp rental on our online platform. Investors then can search for properties that match their investment criteria.

We'll be launching the full product in a couple of weeks (mid-Oct 2019), starting with Texas. If you'd like to learn more direct message. Happy to help.

All the best,

Tommaso