@Adrian Chu Are you looking for something distressed to fix up and rent - possible BRRRR or something in rent ready condition?

Listening to people on BP talk about distressed or under performing properties, it sounds like the approach would be to cut expenses by passing utilities on to the residents.

Example: Property goes under contract with distressed owner /=/ property gets marketed to cash buyers /=/ another wholesaler comes along interested in the property with a cash buyer in hand ready to buy /=/ contract gets assigned to secondary wholesaler /=/ wholesaler assigns to end buyer and closes within the contracted time frame of the original owner to wholesalers contract.

The value usually comes from deferred maintenance or some other seller distress. 

That's one of the reasons it's tough to use conventional lenders for flips and/or distressed properties. 

For instance, https://resolute.fund/ is a collection of distressed real estate that can be purchased globally.

One it violates the real estate licensure rules and two wholesaling tends to work best in areas with a lot of distressed real estate and those areas were folks just move on their neighborhoods have changed and are transitioning to rentals for out of state buyers..

We looked at a couple of distressed properties, but they were way too big of projects for me.

I’m looking for some help in identifying some distressed properties.

My current realtor (a friend) has no experience with foreclosures, would I be better off with someone who has dealt with foreclosure or distressed properties?