See The Fixer-Uppers In Your Area
Selling 40–50% Below Market
Bank-owned, foreclosure and distressed homes the retail listing sites bury — sent straight to you.
Why Fix & Flip Right Now
The numbers behind the deals on your list
Distressed Inventory Is Expanding
Foreclosure filings are running 26% above last year, and that pipeline takes months to reach the market. REO homes, short sales, auction properties and pre-foreclosures are the supply behind every flip — and right now more of them are hitting the market than at any point since the pandemic. The homes on your list are the ones that come out of that pipeline in your county.
The Spread Is Where The Money Is
The median fixer-upper trades around $200K while the median US home sells near $436K. That gap is the entire business: you buy the discount, you pay for the repairs, and you sell into the retail market. Every property on your list is priced on the distressed side of that spread — which is exactly why these homes never show up in a normal home search.
Realistic Deal Math, Not Hype
National gross ROI on a flip is running around 23% — healthy, but tighter than the headlines suggest. That means the deal you pick matters more than the market you're in. Buying right, budgeting the rehab honestly and knowing your exit before you close is what separates a profitable flip from an expensive lesson. We send you the inventory; the math has to work on paper first.
How It Works
Four steps from your zip code to a closed flip
Enter Your Area
Give us the city or zip code you want to buy in. We pull every distressed listing on file around it.
Get Your Deal List
Foreclosures, REO homes, short sales and auction properties in your area — the ones priced below what they're worth fixed up.
Run The Numbers
Estimate the after-repair value, subtract the rehab and your costs, and see which properties leave a real margin.
Buy, Fix, Sell
Make your offer, complete the work, and sell into the retail market at the value you built.
Understanding Fixer-Upper & Distressed Properties
What to know before you make your first offer
What Makes A Property A Fixer-Upper
A fixer-upper is any home priced below what it would be worth in good condition, because of deferred maintenance, dated systems, cosmetic damage or the circumstances of the sale. The label covers everything from a house that needs paint and flooring to a full gut rehab. What they share is a gap between the price on the listing and the value of the finished house — and that gap is what you are actually buying.
Where Distressed Inventory Comes From
Most discounted properties reach the market through distress rather than choice: a missed mortgage payment starts a foreclosure filing, the lender takes the property back as an REO, a seller who owes more than the home is worth negotiates a short sale, or a county sells a property at auction. Each of these paths produces a motivated seller who cares more about a clean, fast close than about squeezing out the last few thousand dollars.
The 70% Rule And After-Repair Value
Experienced buyers work backward from the after-repair value — what the house sells for once the work is done. A common guideline is to pay no more than 70% of that value minus the cost of repairs. On a home that will sell for $300,000 and needs $40,000 of work, that puts the maximum offer near $170,000. The rule is a starting filter, not a law, but any deal that fails it badly is usually a deal that fails on paper too.
Budgeting The Rehab Honestly
The rehab budget is where most first flips go wrong. Walk the property with a contractor before you commit, price the big-ticket items separately — roof, HVAC, electrical, plumbing, foundation — and add a contingency for what you cannot see behind the walls. Cosmetic work is predictable; structural and mechanical work is not. A budget that assumes nothing goes wrong is a budget that has already gone wrong.
Knowing Your Exit Before You Buy
Decide how the property leaves your hands before you make the offer. Selling to a retail buyer means finishing to a standard that appraises and photographs well. Holding it as a rental means the numbers have to work on monthly cash flow instead of a sale price. Wholesaling means the discount has to be deep enough that another investor still sees a margin. Different exits justify different purchase prices for the same house.
Managing The Risk
Every discounted property is discounted for a reason, and part of your job is finding out what that reason is before closing. Check the title for liens and back taxes, understand what condition the property will be delivered in, and confirm whether you can inspect it at all — many auction and REO properties are sold as-is with limited access. Compressed margins mean a single surprise can absorb the profit on a deal, so the diligence is the work, not a formality.
Why These Homes Are Hard To Find
Distressed properties are scattered across bank inventory, county auction calendars, trustee sales and local listing feeds — and they move quickly once they surface. That fragmentation is exactly why a general home search rarely turns them up, and why buyers who see the inventory for their area early are the ones who end up owning it.
Starting In Your Own Backyard
Your first flip is easier close to home. You already know which streets carry a premium, what a finished house sells for and which contractors show up. Local knowledge is a real edge when you are estimating value and repairs, and it is the reason most successful flippers build their first few deals inside a short drive of where they live.
Ready To See The Deals In Your Area?
Enter your city or zip code and we'll put together the distressed property list for your market.
Show Me The Deals