Do real estate agents find your BRRRR deals?

Do real estate agents find your BRRRR deals?

Rental Property Investor · Sioux Falls, SD · Member since 2016 · 25 posts · 2 votes

I’m starting to build my core 4 with the intention to acquire brrrr/flip properties. Who is bringing you more deals? Wholesaler? Agent?

0Reply
41 views

Most Popular Reply

Property Manager · Baltimore, MD · Member since 2014 · 1k+ posts · 1k+ votes
7y

It probably depends on the market. Here in Baltimore there are plenty of deals on the MLS that have enough meat on them to make decent flips that Realtors have ready access to (if they have the experience and systems in place to spot the good deals). In other markets the MLS may be more scarce, so you'll need to rely more heavily on wholesalers and your own marketing.

That said, you don't have to lock yourself into one source.  Network with Realtors who have experience working with investors.  Get on Buyers Lists of established and honest wholesalers.  Send out your own marketing pieces to prospective sellers.

Good luck!

See this reply in the discussion

4 Replies

Jump to latestLatest
  • Rental Property Investor · Ithaca, NY · Member since 2015 · 1k+ posts · 1k+ votes
    7y

    @Alexander Johnson

    I typically find off market deal for clients. It's why they hire me and not a retail agent. It could be different for other people.

  • Investor · New York City, NY · Member since 2013 · 1k+ posts · 269 votes
    7y

    That is great. Always good to network with people who can offer quality deals. 

    Best of luck in all your endeavors.  

  • Cameron TopePro Member
    Property Manager · Katy, TX · Member since 2015 · 1k+ posts · 1k+ votes
    7y

    @Alexander Johnson nobody's going to bring you more deals than your own marketing. Then I would say wholesalers and finally agents. 

    Best of luck on the BRRRR!

  • Property Manager · Baltimore, MD · Member since 2014 · 1k+ posts · 1k+ votes
    7y

    It probably depends on the market. Here in Baltimore there are plenty of deals on the MLS that have enough meat on them to make decent flips that Realtors have ready access to (if they have the experience and systems in place to spot the good deals). In other markets the MLS may be more scarce, so you'll need to rely more heavily on wholesalers and your own marketing.

    That said, you don't have to lock yourself into one source.  Network with Realtors who have experience working with investors.  Get on Buyers Lists of established and honest wholesalers.  Send out your own marketing pieces to prospective sellers.

    Good luck!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.