Upcoming Foreclosures

real estate foreclosures?

I am starting my new business of buying fixing/flipping real estate foreclosures. I am in need of a buyers list who after getting the real estate property under contract I can flip it to. And what is a good sourse to look up comparables for the subject property

Public Comments

  1. No agents are going to give you their list of buyers, you need to just list it for sale.
  2. There is no "list of buyers". A company bought a foreclosure next door to my home nine months ago and he says he put $60,000 into the home in his updates and repairs and it has no prospective buyers yet. You have to buy a house cheap enough and fix it up cheap enough and sell it quick and high enough to make a profit. It is a mistake to think that foreclosures are the only houses that might be cheap to buy. What about divorced couples and such? Get a good agent to help you. Look at all the possibilities and buy the best house at the cheapest price that has the biggest upside potential that you can. remember that your state will probably require that you disclose everything you know about the house- so don't buy a problem that you can not fix.
  3. If you buy properties on the courthouse steps, you will meet all the other bidders (flippers). They will have the lists you need. But they will want your help in finding buyers for their houses. You can hold open houses at your new flips to meet hundreds of buyers. At the County Tax Assessor's office, you can get the lists of all the buyers for any city or even a specific area of the city. Those are all buyers who have closed a sale. You can write to them and tell them what you have. When you see certain names over and over, you know who is buying the most. Zillow.com ( i don't work for them) is good for quick-comps.
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