Real Estate Investment, Finding Flip Houses, Wholesale Real Estate, and the Housing Auction

Wholesale Real Estate: How to Find the Best Property to Flip a House

One of the top rules of Real Estate Investing is to find a property at a good price. If you spend too much on your house then you will end up losing money on your flip house, instead of making money. Finding flip houses or a wholesale property for sale in Austin Texas is very hard to do in 2021. The last good investment house we found on MLS that was priced under $250K had more than 30 offers on it, over bidding the house into the retail price range, so high it was no longer at an investors price. Real estate inventory in Austin is currently less than 30 days. This means that if you can find an investment property at a reasonable price, you are sitting on a gold mine. But a good "property investment" means that you bought it at a price that you can make a profit from after you rehab it. So how do you find a property at a reasonable price to flip or rent?

The first place we recommend is to find a wholesaler. Wholesale Real Estate Companies are companies that have relationships with people who want to sell their houses fast for cash. If you contact a wholesaler like us, we can get your info and what you're looking for, and help you find a house in the price range you are looking for, without all the competitive buyers that out bid homes on the MLS. Sign up for our exclusive wholesale properties here.

The next place is local auction foreclosures. Learning to bid at auction can be very tricky. You'll want to get a list of the pre-foreclosure properties and do your research and rehab costs ahead of time. You'll want to be able to pay cash and know exactly how much is your maximum allowable offer that you want to bid at the auction, because again, paying too much for a house will ruin your profit. Working with a wholesaler who can help you calculate your potential profit will be an easier, less stressful way to obtain investment properties.

Housing Auction- Where are the House Auctions Near Me?

The housing auction is going to be a place for experienced investors. If you want to buy house at auction, there are lots of resources available for finding real estate auction listings and foreclosures, but here are a few of the top ones: County websites, newspapers, Craigslist, banks and lenders, and your local real estate agent. You can also buy houses before they hit the foreclosure auction, and after the auction if they weren't purchased. Contact us if you'd like to be put on a list to be notified whenever homes are on the pre-foreclosure or foreclosure list.

Click Here to read House Flipping 101: Rehabbing Houses