Finding a property to flip

[Justin Goodin]

Where do you find the majority of your potential flips? MLS? Do you calculate your ARV yourself just by looking at houses in the same area or does your broker help with that? Thanks for any help.

[Philip Williams]

Since no one has mentioned it yet......AUCTIONS!!! Sorry to yell lol we are still finding great deals on foreclosure auctions in my area. I think we have done about 5 flips from foreclosure auctions so far this year. We purchased our sixth this last week so that one will be coming soon. We calculate our ARV 3 different ways, first I have an assistant who about half of her job is calculating arv so she specializes in that. Second our realtor sends us what his systems says the property is worth. Third if it passes both of those and the minimum still looks like it makes sense then I personally run the ARV myself.