Low margin flipping at volume

[James McGovern]

I have identified a significant volume of properties that can be acquired at 40k off listing price that are on MLS. Most flippers are looking for at least 10% cash on cash return which results in attempts to purchase a property listed by a real estate agent at $400,000 somewhere in the high $200,000 range which will be obviously rejected by sellers.

has anyone figured out a business model that is not dependent on purchasing at such extreme discounts to market prices?

[Drew Sygit]

@James McGovern there are ALWAYS deals on the MLS, but human nature makes them unpredictable, which makes it very difficult to create a system to ID them.

Common Example: property listed for 120+ days and seller has already bought another property, so having financial challenges paying two mortgages. 
- How to predict when they will reach their breaking point and accept a substanitally under-market price?

Another Example: kids inherited property and make emotionally or greed driven decision to list at top of market and refuse all price cut requests.
- How to predict when fighting amongst siblings will result in their acceptance of a substanitally under-market price?

There are many more examples, but the majority are timing-based - your offer has to be made at the right time. Sometimes, an investor can get a tip from an agent, but you need to establish a relationship with that agent to make that happen.

Hopefully, someone else has the "secret" to share with you.