How to Find Good Fix and Flip Projects

There is more to the business of rehabbing homes aside from renovating old houses and generating profit from them. When doing a fix and flip project, you have to ensure that you’re choosing the right fixer upper home. Because if you’re going to just renovate a random handyman special, you may end up spending big bucks on a property that has no equity and marketability.

According to veteran rehabbers, most of the time spent on fixing and flipping houses are allocated to the task of finding the right fixer upper home. It is because the task of choosing the best property to rehab is crucial to the rehabbing process. However, you can considerably reduce the time spent on finding the ideal fixer upper home if you have an idea on where to buy them from.

One of the best sources of potential fix and flip projects are motivated home sellers. Because they have pressing reasons to sell their properties, you can buy a fixer upper home or a handyman special for pennies on the dollar. This way, you can minimize your expenses and use the extra money to make the rehab project even more beautiful.

So how do you determine if a home seller is motivated or not? It is quite simple, actually. Motivated home sellers are usually made up of people that have experienced dramatic or drastic changes in their life. Here are some of them:

Sellers facing foreclosures. Homeowners whose properties are on the brink of being repossessed by the bank have pressing reasons to sell their houses. Most of them may resort to selling the house before the foreclosure date to prevent further damage to their credit rating.


Sellers who have filed for divorce. When couples separate, they are likely to leave their former love nest behind. Because none of them would like to have the burden of living in a house full of bitter and painful memories, they are likely to sell their property cheaply to someone who can put it to good use.

Sellers who are moving to another state or city. One of the best sources of potential fix and flip projects are sellers who are in a hurry to leave their old homes behind. Because they have a deadline for relocating to another place, they are likely to accept your offer no matter how big or small it is.

Want to get more tips on rehabbing houses? Go to www.Rehab-Real-Estate.com, where you can find various learning tools that can expand your real estate investing knowledge.