subject: Properties to Hunt for When Flipping Homes [print this page] Neglected housesNeglected houses. See those rundown properties in your block? These houses are usually owned by people who obviously no longer live in that house and reside somewhere far. They could no longer maintain the property. Therefore, if you'll make an offer on that house, you have a good chance of getting it at a deeply discounted price. At the back of the mind of the owner, he'd rather get something from the house than totally lose it to forces of nature.