How To Find Distressed Properties with No Marketing Budget

1. Abandoned Homes

The grass may be long. The paint may be peeling. The roof may need pressure washing. Or there can be mail piled up and old newspapers in the drive way. These are all signs it could be abandoned, or the owner needs help getting out.

2. Code Violations

Code enforcement agents can be tough. They’ll put notices on properties is the grass is too long, or other required maintenance isn’t being kept up. These violations can mean big and growing financial penalties until they are fixed. They can turn into liens that prevent a seller from refinancing.

3. Garage & Yard Sales

Look out for signs for these types of sales. They can often indicate a need for money, or that someone is planning a move. Stop by and ask questions.

4. Trash & Movers

Another sign of distress and moving activity is moving trucks or piles of trash by the road. It could be that a tenant is moving out, or just left. Maybe they didn’t even pay the rent. At best the owner now has an empty unit which is costing them money. Plus, they’ll need money to clean it up, if they hope to rent again. Money won’t have that cash or have grown tired of being landlords. Act fast and give them an exit strategy.

5. Old For Sale Signs

If a for sale sign has been there for a while, it has sprouted mold, or has one of those ‘price reduced’ riders, the seller may be in distress and highly motivated. Maybe they weren’t when they first listed, but that could have been a while back. They are probably nervous and need someone to show them how to get out of the home.

6. Distressed Vehicles

Look out for cars that are collecting dust, or have flat tires. If they have been in the same spot for a while it could be the owner just can’t afford to fix it. If they can’t afford to fix a flat, and still has car and house payments, they are in bad financial positions. Make an offer, and make their day.

We love your feedback and welcome your comments.
Please post below:

Are you sure you want
to log out?