Where to Find Deals for Fix and Flips and Rental Properties

Finding profitable deals for fix and flip properties is a key priority for any third-party originator or wholesale partner aiming to assist their clients in securing a lucrative investment opportunity. Your ability to guide clients toward optimal real estate deals depends on your understanding of the market and which types of properties are best suited to your clients.

This guide outlines multiple strategies that brokers alongside lenders and referral partners can implement to enhance their investor-client experiences while expanding their real estate portfolios.

Real Estate Auctions

Real estate auctions are excellent resources to guide your clients toward fix and flip properties or rental opportunities at discounted prices. These auctions may feature foreclosed properties, distressed homes, or properties sold by motivated sellers. Additionally, websites like Auction.com and Hubzu list foreclosure auctions across the country, allowing clients to bid on properties remotely.

Foreclosure Listings

Monitoring foreclosure listings is another strategy to find great deals on fixed and flip or rental properties. Websites like RealtyTrac and Foreclosure.com provide comprehensive databases of foreclosure properties, including pre-foreclosures, auctions, and bank-owned homes. By monitoring these platforms, brokers can proactively identify and share lucrative options with their investor clients before these properties hit the broader market.

Wholesalers

Real estate wholesalers specialize in finding off-market properties and selling them to investors or other motivated buyers. These properties often require renovation, or they will have distressed sellers looking for a quick sale. Building relationships with reputable wholesalers ensures that you can offer your clients deals that aren't available through traditional channels.

Networking and Word of Mouth

Networking stands as a fundamental method for locating fix and flip properties and even rental opportunities that benefit your clients. The participation in local real estate investment meetups, trade events, and seminars enables access to undiscovered investment opportunities. Establishing a network of agents, investors, and other brokers enables you to secure off-market deals that you can pass on to your clients.

Multiple Listing Service (MLS)

Through advanced search filters, brokers can assist their clients in identifying potential deals within MLS properties which typically don't show deep discounting. You should concentrate your efforts on distressed properties alongside short sales and homes listed by motivated sellers. Your ability to present attractive deals to clients improves when you join forces with agents who specialize in investment properties.

Direct Mail Marketing

Direct mail marketing continues to provide brokers and referral partners with an effective promotional tool. By targeting homeowners or property owners facing financial difficulties, you can generate leads for fix and flip properties on behalf of your clients. Crafting compelling letters or postcards and sending them to targeted demographics can generate responses from motivated sellers looking to offload their properties quickly.

Online Marketplaces

The online marketplaces Zillow, Redfin, and Realtor present investors with extensive property listings that include fixer-uppers and investment properties. Through customized alerts, investors can establish parameters that trigger notifications when new properties matching their search criteria become available on these marketplaces. Your guidance of these tools helps clients maintain awareness about fresh real estate listings together with investment prospects.

Bank-Owned Properties

Banks maintain portfolios containing foreclosed properties known as real estate-owned (REO) properties which they want to sell rapidly. Working with local banks or other real estate lenders enables you to discover investment opportunities ahead of time so your clients can secure properties in competitive markets.

Value for Third-Party Originators

Your responsibility as a broker, private lender, or referral partner involves using due diligence alongside creative approaches and networking skills to help clients find an ideal fix and flip investment opportunity. By actively pursuing these strategies, you can:

• Build relationships where your clients trust you to present them with profitable real estate opportunities.
• Create enduring partnerships with real estate investors that rely on your ability to provide them with high-quality investment leads over time. 
• Gain market distinction through an improved service lineup that sets your business apart from other industry players.

Using your network connections and marketing strategies along with online research allows you to drive substantial success for your clients in the real estate market.

Why Partner with RCN Capital?

You can help your clients get flexible financing options through competitive rates by partnering with RCN Capital. Our organization provides advanced financing solutions to empower brokers, private lenders, and referral partners who serve real estate investors.

Whether your clients need:

• Short-term fix and flip financing
• Long-term rental financing
• New construction loans

Our flexible programs provide solutions to help you fulfill your client's objectives. Grow your network and expand your business by partnering with RCN Capital today.