How to Spot Vacant and Abandoned Houses Quickly
Homendo Editorial Team
August 1, 2017 • Forensic Industry Report
As you may know, I love vacant house deals, and that is simply because they are disguised gold mines. In my previous post, 5-step process for quickly turning abandoned property into BIG paychecks, I covered the fundamentals of vacant houses. But today is a continuation with more detailed info–a lot more.
In my informative post about the basics of vacant homes or abandoned property, I talked about why they have less competition than MLS and FSBO properties – and how that translates into endless opportunities that can ultimately be some of the most profitable deals you’ll ever do as an investor. We also touched on why you don’t need to personally fund your deals, and how the only capital you’ll risk is a small earnest money deposit of typically $10-$100.
Here’s a brief reminder of what we covered:
#1. Spot or Locate the Vacant Houses
#2. Find the Seller
#3. Strike a Deal with the Seller
#4. Flip the House to Another Investor
#5. Repeat
Sound familiar? Good.
So today, let’s jump back in by discussing, in detail, the first of those 5 steps: How to spot or locate those gold mines disguised as vacant homes.
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