Comp Analysis, and VA to do the actual
1) CALLING Agents in the local markets
2) INTERVIEWING + ASKING QUESTIONS
3) LOCATING LOCAL PARTNER/REHABr’s
Secrets to Finding Foreclosure Deals
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fter purchasing more than 25 foreclosure properties in the Little Rock, Ark., area, Butler can spot a deal from more than a thousand miles away — literally. |
“I don’t need a spreadsheet or software to spot a deal,” said the San Dimas, Calif., native who buys foreclosures in a town that is nearly 1,600 miles from where he lives and works. “I have a local real estate agent in Little Rock, and local title and loan people that help put together my foreclosure deals.” |
Butler originally lived in the Little Rock area, so he knows the good locations and neighborhoods. He said he looks for properties with 30 to 40 percent equity. Then, he puts together wholesale deals that are 20 to 30 percent below market value in certain areas and zip codes that he is familiar with. |
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