Licensed Agent looking for best strategy

Member since 2021 · 5 posts · 3 votes

I am a licensed Realtor in Colorado, working out of Highlands Ranch. I get all my business through referrals/relationships. That strategy isn't going to work for securing properties to Flip. So for those Licensed Agents who flip properties, what is your personal strategy that works well for you in finding the homes to even begin to run the numbers on? Everyone seems to have a strong opinion, MLS, never MLS, wholesalers, pre-foreclosure list calls, etc. But what has worked best for YOU?

I want to get my first flip by the end of the year and my business partner is in construction. My background is in finance as well and I'm great with running comps, I just don't want to spend all day finding properties.

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Caleb Brown
Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
1y
MLS is something I would always keep an eye on. Connect with wholesalers, get on their list. Sure there is other buyers seeing the same deals but you can find deals. Just run numbers, look at comps and confirm the rehab as anything else. Outside of that it's networking and doing outbound to owners. This is being direct to owners. Many do fine with relying on MLS and/or wholesalers but finding deals yourself will always be where you can control the lead flow the most. Doing direct to owner marketing costs time and money. If you don't want to dump a bunch into it initially to get your feet wet rely on MLS, wholesalers and networking locally.
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Denise SuppleeBusiness Member
Realtor · Willow Grove, PA · Member since 2017 · 984 posts · 643 votes
1y
Hi @Sarah Warne, nice to meet you here on BP!! Since you're already licensed, the MLS can still be a great source if you set up tight search alerts for outdated or long days on market listings and move fast with strong offers. Pair that with direct to seller strategies like driving for dollars, networking with local probate/estate attorneys, and connecting with wholesalers. You don't have to do it all yourself, but you do need a steady pipeline. Many successful agents partner with a few trusted wholesalers or invest in a small targeted mail campaign so deals come to them. The key is consistency! Choose two or three channels you can maintain, automate as much as possible, and leverage your agent access and construction partner to analyze and act quickly.
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