Finding a Fix and Flip Project

Perhaps the most important part of a fix and flip project is actually finding the property. You want to make sure it’s in the right neighborhood, the rehab is manageable, and the numbers make sense. Working with an experienced, investor-friendly real estate agent is highly advisable (we would be happy to recommend one).  One strategy of finding houses to flip is participating in foreclosure auctions, which are usually held online or in-person in some jurisdictions once or twice a week.  Another option is locating residents who are delinquent or in default on their mortgages and negotiating a short sale with the mortgage holding bank.  A third avenue for locating properties to fix and flip is creating relationships with wholesalers in your area, and purchasing properties from them that are already tied up under contact.