How To Find The Right House To Flip In Athens

Success in house flipping depends in large part on finding the right house. While there are tons of distressed properties out there, the trick lies in finding the right one – one that will yield a worthwhile return on the investment after all the rehabbing has been done. So how do you find the right house to flip in Athens? The best way is by locating a host of possibilities and then sifting through and carefully evaluating them to find the handful that meets your criteria. 

Online Lists

Using any of the multitudes of lists available online is a great way to find distressed properties, foreclosures, and short sales and then find the right house to flip. Various lists use different sorting criteria such as by city or zip code. Many of these lists are free, and they would be a good starting point in your search for the right house. Some of these lists are geared particularly toward investors and house-flippers – BankForeclosedListings.com, ClassicPrpoerties.com, and BankForeclosureSale.com, for example.

Foreclosure Sale Lists

If you have the necessary cash on hand (or access to it) a sheriff’s foreclosure sale can be a good way to find the right house to flip in Athens. Counties publish foreclosure sale lists several weeks prior to the sale, and that gives you time to come up the cash that will allow you to bid if there’s a suitable property. 

If you see a property in the sheriff’s sale that looks like the right house to fix and flip, you will, typically, have to put up 10% of the purchase price at the sale (cash or certified funds). Then, you have 30 days to settle, but if you don’t, you lose the 10% deposit. 

There are a few drawbacks, though. You can view these properties from the street, but you can’t go inside to inspect them. And this, of course, presents some risk because you can’t really be sure about the property’s condition. Still, these properties often present some good profit potential.

Wholesalers

Another viable avenue for finding the right house to flip in Athens is going through a wholesaler. In their business model, wholesalers find likely rehab properties, put them under contract, and then find immediate buyers. These buyers than basically perform under the original contract in place of the wholesaler and then pay the wholesaler a fee for serving as a middle man.

This isn’t always the most cost-efficient way to find the right house to flip, but it saves time and can save money in the long haul. Many wholesalers do nothing but search properties that work well in flipping, and they are well connected with agents and sellers who specialize in this area. That’s why going through a wholesaler is a good way to find the right house to flip in Athens.

Agent Specializing in REO

Real estate owned (REO) refers to property held by a lender as the result of a defaulted loan. In many instances, these properties have gone through the long and complex foreclosure process and often the eviction process as well. Very often, the people who last lived in them likely performed little to no maintenance during the time of the mortgage default, foreclosure, and eviction. This means, then, that such properties, owing to their neglected condition, often sell significantly below what would have been their market value. And this is very good for someone who wants to find the right house to flip in Athens.

Many lenders who hold REO property work closely with agents who specialize in these properties. So to find the right house to flip, it’s a good idea to work with one of these agents who have the inside track on such low-priced, rehab-suitable properties. Look for an REO agent in your area to find the right house to flip in Athens. Find out how our agents can help you find that house. Contact us today at 706-426-1082.

Learn more about how to find the right house to flip in Athens! Contact us today for more information! 706-426-1082

Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

Connect With Us!

If you're looking to buy or sell a property connect with us today!

How Can We Help You?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.
    (check all that apply)
  • This field is for validation purposes and should be left unchanged.