Top 5 Must-Haves for Flipping HousesBe a Good Deal Finder

Beau Eckstein

been in real estate for about sixteen years

explored all the different aspects of real estate:

• residential lending

• construction financing

• private money loans

• hard money loans

Big component of house flipping is finding DEALS

WAYS TO FIND A DEAL:

MLS (Multiple Listing Service)

• Everybody can go there, but we do more extensive remodels.

• Create a value-add type properties, where some people might go on and they’re looking for more of the easier, cosmetic fixers.

WAYS TO FIND A DEAL:

Network of real estate brokers

they bring me a deal they can write the offer and earn the commission

whenever I’m out at a networking event I just let everybody know that I’m an investor and I buy houses

Wholesalers

- they assign the contract to an investor like me, who can put the capital together to buy and close on the purchase.

WAYS TO FIND A DEAL:

Probate attorneys and or probate realtors

when somebody dies, and their property is not put into a living trust their property is going to go into some form of probate. So there’s a lot of opportunity in probate.

FSBO’s—for sale by owners

people think that they just want to sell--sell it themselves to save the commission. They don’t foresee there is enough equity to pay a commission

WAYS TO FIND A DEAL:

Landlords—burn out landlords

their tenants just thrashed their house and they just want to get out

Contractors

are usually really good at finding deals ‘cause they’re out working and people always walk by the property and they start building relationships with neighbors in the area

Direct: 925.852.8261Managing PartnerSFR Ventures Inc.BRE #01307829

Beau Eckstein

Learn more at beaueckstein.com