Driving for Dollars candidates in my local community (exterior physically distressed properties).

Hey BP! What web services are you using to collect owner information these days? I know you can always head to your local assessor's office, but I'm looking for an online service. Not afraid of paying a monthly subscr...

What I'm wanting to do is to flip a few deals this year and then really focus all that cash build up and acquire distress home and force equity into them and create long term passive income single/small multi properties by using cash out refi (the BRRRR strategy).

Apparently, companies like Zillow and Redfin (among others) are buying distressed properties. 

It goes like this, and is used in every distress sale "the rents are below market and can easily be raised". 

I have a condo flip that we have listed last week and we have an offer. the issue that I am going to run into is that all the properties in ghe complex, that have sold in the last 2 years were all distressed. 3 foreclosures, and another 1 was an arms length transaction that was aunt selling to niece.

If you can get it at a low enough price as either a distressed property, a distressed seller, or a combination of the two, rehab it and rent it out accordingly, there can certainly be nice cash flow, but quality BRRRR deals aren't easy to come by and it takes a lot of weeding to find a good one.

These are some characteristics common to these guys that a list broker can use to build a buyer list for you: investors with multiple properties, people who purchased with Quit Claim Deeds and those who purchased from a distressed seller situation.

@Terrence Williams - I know it seems counterintuitive to not use debt... but basically 2 reasons:1) We bought a distressed deal and the bridge financing would have been too expensive2) Less risk and now we don't have to worry about the debt service 

Tourism in the valley is exploding as well, and there are several distressed properties with a view that would make great Air BnBs with a little lipstick.