With fierce competition for these distressed properties, it's important that you find a good real estate agent who specializes in this type of purchase to help ensure you jump on a good deal before someone else beats you to it.Flipping Real Estate Without A Lot Of MoneyA common misconception among those looking to get into the home-flipping business isYeah that you need a lot of money to begin with.

In Memphis this means the face value of the policy is much higher than the market value of the property, which means I'd be paying a higher cost for coverage I don't need.All that said, unless you happen to be in a scenario like me (where you have your personal coverage through a top of the line insurer with very competitive rates, but that same insurer prices investment property insurance too steeply), you may find that it's simpler (and less costly) to hold all of your insurance with a single company that offers multi-line discounts as @Andrew Johnson suggested.

I have college rentals and I try to make them nicer than the competition.

He said there was competition on them and requires no experience.  

It a competitive market so be sure you're prepared and ready when the time is right!

Darsh Patel Short of visiting the area in person, you can go on apartments.com or other such sites to do virtual tours of your competition in the area.

My competition is in similar situation.

I'm not sure the cost of the ads in the classifieds, but there isn't much competition for the space in my local paper.I don't think this is a great way to advertise properties that are already completed, but could be a great way to find houses to flip.In general, the people who are subscribing to the newspaper are older and are not as tech savvy.

If you come across a really good deal, you are going to want to get that property under contract before your competition does.

nwi is good but alot of competition nowadays so harder to find the deals.