Finding good locations to wholesale deals

[Antonio Bodley]

What would you consider some attractive areas to locate properties to flip? In my opinion, the nicest areas to locate properties to get under contract are not from my part of town. There are much nicer homes, but they are not near where I live. I live in ugly house territory pretty much everywhere I look. Should I pass up distressed houses in poor rundown areas that look like war zones? Or look for properties in the prettier well kept areas around town? Will it be harder to locate distressed homes in the well maintained communities? I don't see many houses being bought in my part of town. I do see more for rent signs and for sale signs posted by real estate agencies, but not too many sold signs posted around the way. I want to take my chances anyway looking to locate a deal in my rundown town, but I have this feeling that it will be a waste of time contacting the owners of these distressed properties that have not been sold in years. That's another problem. Normally we should focus on homes that have been sold in the past 3 to 6 months I believe. Most of the homes I found in my community were homes that have not been sold for a very long time. One of them being across the street on the next block from where I live. The house is old and ugly that could use some rehab work from what I seen on the outside.