Fix and flippers - where do you find your deals?

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None in this market.

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It’s tough. Thought I found one yesterday. I arrive and the neighbors pitbull is having a panic attack on the back porch as the blackberry bushes are half covering their house. Garbage all over the yard. The most amazing fence won’t fix it. I’m shouting to the realtor over the dog. I go in the house and half the house is dry rot, ants invested the place, mold, and there’s a rotten hole the size of a piano in the floor, no foundation. It was lake front though. I can fix the house, but I can’t fix that neighbor. My comps were 600-800k list price was 278k. I usually find shit holes, off market, can’t be financed, but the property has to be a diamond in the rough. Worst house in an expensive neighborhood usually. I put a large down and get the seller to carry for 3 years. I fix it in less than a year and refinance or sell it.

It’s difficult now but we have a bunch of different brokers who send us stuff before it hits the market.
We just made an offer on a house that the landlord can’t get the tenants out, nor wants to bare the eviction expense. So we made a low ball site unseen offer bc the numbers worked including an eviction attorney and assuming they’ll trash the place for a year.

Those days ended a long time ago

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