How to Find a Property To Fix and Flip

Disclaimer: PropStream does not offer investing advice. Before investing in a fix-and-flip property, we recommend doing your due diligence to ensure it's a worthwhile deal.

You love the idea of taking an old, neglected home and breathing life back into it with your design expertise and handiwork—Making fix and flip real estate investing your calling.

However, in a market where properties in need of significant work are still selling for above market price, how are you supposed to find opportunities that allow you to turn a profit on your hard work?

In this article, we'll explore various ways to find fix-and-flip leads with the most potential without spending an arm and a leg to get them. 

Narrow Your Scope to a Few Neighborhoods

The easiest way to start the search for your next fix-and-flip property is to narrow your scope.

This way, you can become familiar with the unique features of the area, such as public transit routes, desirable streets, and school districts. This expertise will help you judge whether a home is suitable and allow you to make offers that sellers are more likely to accept.

Check Out Foreclosure Auctions

Foreclosure auctions can be a great way to find homes that need some work but can be purchased for below market price.

However, be aware that getting financing to purchase one of these homes can be challenging, and as a result, most transactions are cash only.

Comb Through Off-Market Listing Data

When the competition is stiff for on-market properties, it may be time to start looking off the market.

With PropStream, you can do a property search using a specific ZIP code, parcel number, county, or city. This will help you find off-market listings faster so you can swoop in with an offer before the competition.    

Launch a Postcard Campaign

Sometimes, homeowners looking to sell their homes are willing to do it privately if you contact them before they put their homes on the market.

That’s where a targeted postcard campaign comes in handy. With PropStream, you can generate a targeted list of leads using specific search criteria and then design and mail postcards right from our platform.

PropStream Can Help You Find the Right Property

When you’re working with multi-sourced property data from PropStream, it’s so much easier to find the right property for your next fix-and-flip.

Now, with new Property Condition Analysis data (powered by predictive AI) provided by our integration of PropStream Intelligence, flippers can search for properties in disrepair, making them the perfect candidate for a profitable flip. Learn more about this dataset here.

Our simple solution gives you 24/7 access to the data you need so you can pinpoint the best leads and close more deals.