Where to Find Distressed Properties Banks Won’t Touch
“It’s one thing to identify the property. It’s the second thing to bring that property to contract where you can purchase it.”
Can’t find distressed properties with serious equity potential? Mike Harrison answers a listener’s question about why they’re only finding “decent” properties online without the massive equity capture opportunities that build real wealth.
The truth? If a property is truly distressed—roof falling in, no flooring, walls down to the studs—it won’t be on the MLS. These properties are often uninsurable, ineligible for conventional financing, or considered uninhabitable by mortgage companies. That’s exactly what makes them incredible opportunities for cash investors.
Mike breaks down multiple strategies for finding these hidden gems, from working with wholesalers to courthouse auctions. He shares real examples from his own investing experience, including deals he’s acquired and lessons learned from both successes and expensive mistakes.
What You’ll Discover:
- Why truly distressed properties never make it to MLS and where they actually hide
- Multiple proven strategies for finding equity capture deals off-market
- How to evaluate wholesaler deals and avoid costly mistakes
Key Timestamps:
- 02:40 Why not every home makes a great rental property
- 06:44 The quality standards that separate successful investors
- 11:08 The challenge of bringing distressed properties to contract
- 16:20 Working with wholesalers and due diligence requirements
- 25:00 Alternative sources including courthouse auctions
- 29:10 How investor networks help members find and sell properties
The opportunities exist for investors who know where to look and how to evaluate deals properly. While others search online and find nothing, educated investors are systematically building wealth through properties that offer both immediate equity and long-term cash flow.
Ready to learn where the real deals are hiding?
Attend our Free Financial Freedom Seminar – Learn the strategies Mike uses to find distressed properties
See Real Success Stories
Attend a Free Live Case Study Event – Meet investors who found their deals using these exact methods
Ready to build real wealth through real estate?
Join the Financial Freedom Program – Learn all the strategies and start building your rental portfolio
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The information and opinions on the Lifestyles Unlimited Real Estate Investor Radio Show are for entertainment purposes only and do not constitute investment advice. Please consult a professional regarding your personal investment needs.
