I have a couple of videos with tips and tricks on how to find sweet real estate deals but I realize that sometimes people just don’t have time to sit and watch a video.
So here you go: A quick tutorial with pictures on finding a good deal and verify the comps.
In this example, I’ve picked a City outside of where I currently live (Tampa, FL), and within 5 minutes I’ve found a house with great profit spreads, solid comps and I’m ready to make my offer.
First, get an account at foreclosure.com (free 7 day trial) – search for foreclosures in your favorite city and you will see the listing price and how it compares to the Zillow Zestimate (I know, zestimates aren’t very accurate – but if you see a BIG difference, then it’s worthy of future investigation). In this example, asking price is $59k and the zestimate is $109k.
