Flipping Houses For Dummies
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The first step in the house flipping process is the most crucial to your success — finding a property or properties with profit potential. Following are some ideas of where to look:
  • Look for dontwanners in your neighborhood — vacant, unkempt homes the owners "don't want."
  • Search on Auction.com.
  • Read local foreclosure notices, available through your county's sheriff's office or register of deeds.
  • Contact banks to find out about real estate owned (REO) properties.
  • Network with probate, bankruptcy, and divorce attorneys.
  • Search HudHomeStore.com.
  • Team up with a Realtor.

About This Article

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About the book authors:

Ralph R. Roberts has been investing in foreclosed properties for over 30 years. He knows every step of the process, from scouting properties to cashing out after the sale, from helping distressed homeowners keep their homes to buying those homes when the owners can no longer afford them. He also has assisted homeowners who have been taken advantage of by unscrupulous investors.

Kenneth W. Boyd has 30 years of experience in accounting and financial services. He is a four-time Dummies book author, a blogger, and a video host on accounting and finance topics.

Ralph R. Roberts has been investing in foreclosed properties for over 30 years. He knows every step of the process, from scouting properties to cashing out after the sale, from helping distressed homeowners keep their homes to buying those homes when the owners can no longer afford them. He also has assisted homeowners who have been taken advantage of by unscrupulous investors.

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