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Updated almost 7 years ago on . Most recent reply

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72
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Cynthia Miller
  • Dearborn, MI
19
Votes |
72
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Flipping how to find off market deals? Good states?

Cynthia Miller
  • Dearborn, MI
Posted

I want to do some flips to get some cash to reinvest in rentals. I was thinking about  TX but i know the market there has been heating up the last few years don't know if deals with big enough spread can be found anymore at least near the N, Dallas area.  Anyone in TX want to chime in? 

 Can anyone suggest some other states where the prices are still relatively low but there is a demand for housing?

What is the best way to find off market deals? 

Most Popular Reply

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385
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702
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Philip Williams
  • Rental Property Investor
  • Rockford, IL
702
Votes |
385
Posts
Philip Williams
  • Rental Property Investor
  • Rockford, IL
Replied

I find off market distressed properties several ways, first I physically go to judicial auctions 5 days a week. I also go to sheriff sales courthouse sales etc. I also drive for dollars as it's called, since i'm always out looking at auction properties I find a ton of for sale by owners. I also work with a few realtors and have been brought off market deals by them as well. I think the main point i'm trying to make you kinda proved with your statement. If your having a heck of a time where you can physically go manage everything imagine the stress if you were a plane ride away instead of a car ride. Managing flips is an art in an of itself, managing from a distance especially without a team in a nightmare. If you think moving cities is going to make contractors more reliable I am sorry to disappoint you, if they know you are out of state you will be there last priority. 

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