If you don't have the inclination, time, or knowledge to contact owners yourself, you could attend the GaREIA, our Investors Association, meetings on the 2nd monday of each month, and look there. Just keep in mind DON'T trust ANY numbers you see, and do your own diligence. http://www.gareia.org is the website, and there's a message board there that people post houses and what not on.
I just go to realtor(dot)com and do searches on houses. If I see one priced low for what it's worth, it usually is a fixer-upper. It's been working for me every time.
I'm mainly a commercial investor but recently did two residential deals. Both were FSBO rehabs.
I found both by driving through neighborhoods that are on the upswing and saw yard signs put out by the owner.
I suppose realtors could help, but have had a tough time finding one that understands creative deal making. They typically like 'clean' deals that ensures their commission as quickly as possible. Nothing wrong with that, BTW, everyone's gotta pay the bills.
They key to my success has been sniffing out FSBO houses that haven't been advertised or 'picked over' by the local RE clubs.
You have a couple of options. It sounds like you are new to rehabbiong, so the firest thing I would suggest is to look for potential properties in a neighborhood that you are familiar with. Drive around and search for vacant homes, homes that aren't maintained very well on the outside, homes or multis that are for rent, or out of state owners (found in your town assessors office). The bottom line is that you are searching for motivated sellers.
Rentals are a good place to look because you may find a landlord who doesn't want to deal with rental property. Out of state owners are good as well because maintaining a home from a long distance is difficult to do.
The other option you have is to ask people, who have a high visibility of homes in your area, if they would be a birddog for you. By birddog, I mean someone who views the neighborhood consistently and can tell you about homes that look abandoned or haven't been maintained very well. You should offer an incentive of about $250 or so, if you purchase a property that they pointed out to you. A birddog can be a anyone from the mailman to the meter reader to the newscarrier but it must be someone with high visibility of the neighborhood.
If you don't have the inclination, time, or knowledge to contact owners yourself, you could attend the GaREIA, our Investors Association, meetings on the 2nd monday of each month, and look there. Just keep in mind DON'T trust ANY numbers you see, and do your own diligence. http://www.gareia.org is the website, and there's a message board there that people post houses and what not on.
Is there a publication or listing service that focuses on rehab houses?
I just go to realtor(dot)com and do searches on houses. If I see one priced low for what it's worth, it usually is a fixer-upper. It's been working for me every time.
I'm mainly a commercial investor but recently did two residential deals. Both were FSBO rehabs.
I found both by driving through neighborhoods that are on the upswing and saw yard signs put out by the owner.
I suppose realtors could help, but have had a tough time finding one that understands creative deal making. They typically like 'clean' deals that ensures their commission as quickly as possible. Nothing wrong with that, BTW, everyone's gotta pay the bills.
They key to my success has been sniffing out FSBO houses that haven't been advertised or 'picked over' by the local RE clubs.
HTH-
WG
You have a couple of options. It sounds like you are new to rehabbiong, so the firest thing I would suggest is to look for potential properties in a neighborhood that you are familiar with. Drive around and search for vacant homes, homes that aren't maintained very well on the outside, homes or multis that are for rent, or out of state owners (found in your town assessors office). The bottom line is that you are searching for motivated sellers.
Rentals are a good place to look because you may find a landlord who doesn't want to deal with rental property. Out of state owners are good as well because maintaining a home from a long distance is difficult to do.
The other option you have is to ask people, who have a high visibility of homes in your area, if they would be a birddog for you. By birddog, I mean someone who views the neighborhood consistently and can tell you about homes that look abandoned or haven't been maintained very well. You should offer an incentive of about $250 or so, if you purchase a property that they pointed out to you. A birddog can be a anyone from the mailman to the meter reader to the newscarrier but it must be someone with high visibility of the neighborhood.
Hope this helps.