how can i find good reo properties

Rehabbing, Fix and Flip, Rental Properties
1

hi, i have read many articles and books about finding good flip homes but all the houses i find have no room to make a profit. all the banks are asking to much for them and they dont seem to want to come down on the price. i have fliped one house already and it was great,the bank was asking too much so we put in a low offer than we countered back and forth until we came to a deal that was much lower than there original asking price. i am in ohio, so if anyone has any advise it would be great

                                                thanks
2

The process you went through with your first REO is pretty typical to what I’ve found. You have to catch the bank at the right time which is hard to do. It’s a numbers game, just make lots of offers and you end up getting a few.

3

www.foreclosures.com take their classes (Big article about them last week in the Wall Street Journal… (good company and good article)