My partner and I run a fix-and-flip operation in Metro Atlanta. Our takeaway: the money is made on acquisition, and the only reliable way to win in today's market is to control your own lead flow instead of competing over what's already sitting on the MLS.
So we're committing a fixed monthly budget to build a repeatable sourcing system. The goal is simple: at least one good deal a month. Some we flip, some we wholesale, depending on the numbers.
We see two routes and can't decide where to put the budget, or whether to run both:
1. Direct to seller: skip-traced lists, cold calling and texting, or buying qualified leads and working them. Our own acquisition funnel.
2. Direct to agent: real agent relationships plus VAs working agent lists for pocket listings, pre-market deals, and expired or aging inventory.
For anyone who's actually built this and has it running:
What does your system look like end to end? Lead source, CRM, dialer or texting platform, VA setup, follow-up cadence.
Seller vs agent for a small team on a set budget: which returns more, or do they work best together?
Realistic monthly spend and cost per deal to hit one deal a month in a metro like Atlanta?
If you buy leads, which sources converted and which ones burned cash?
I'm also in Atlanta, Israel. I'd like to connect with you based on that alone.
Regarding your post, why not both? Networking with agents is free and sourcing deals on your own is mostly free. I think a large budget for either is cutting yourself off from the other and that's not smart.
Especially if you want to get a fee for sending me something when your hands are full ;)
Investor · Chicago, IL · Member since 2018 · 307 posts · 149 votes
1mo
I'm in the beginning phases of setting this up and it's always good to hear about/from others who are doing this. I'll DM you - would love to connect over a call some time
I'm also in Atlanta, Israel. I'd like to connect with you based on that alone.
Regarding your post, why not both? Networking with agents is free and sourcing deals on your own is mostly free. I think a large budget for either is cutting yourself off from the other and that's not smart.
Especially if you want to get a fee for sending me something when your hands are full ;)
Investor · Collierville, TN 38017 · Member since 2017 · 592 posts · 445 votes
1mo
For a small team on a fixed budget wanting one deal a month, I'd start agent-heavy, not seller-heavy. Everyone assumes direct-to-seller is the answer, but for your setup the math usually favors agents first.
Why agent-first for a small team: direct-to-seller is a volume grind. To pull one deal a month off cold outreach you need serious list volume, consistent daily dials/texts, tight follow-up, and enough spend to stay top of mind over months. It works, but it's a marketing machine with real overhead and a long ramp. A two-person team gets stretched thin running it well, and half-running it just burns cash.
Agent relationships are lower cost and faster to yield. Agents already have the sellers. A handful of investor-friendly agents who know you close fast and clean will bring you aging listings, price drops, expireds, and the occasional pocket deal, and you're paying in commission on deals that actually close, not in spend on dials that mostly don't. For a small team that's a far better effort-to-deal ratio, especially at first.
How I'd actually run it end to end for your goal:
Primary channel, agents. VAs pull expired and aging MLS inventory daily and flag anything that fits your buy box. You and your partner personally build real relationships with 10-15 active investor agents, be the reliable cash buyer who closes. That reputation becomes its own lead source, they call you first.
Simple stack, don't overbuild. A basic CRM to track sellers, agents, and follow-ups, a texting/dialer tool only if you're doing outbound, and VAs for list-pulling and first-touch. Follow-up cadence matters more than the software, most deals come on the 5th to 8th touch, not the first, so the discipline of following up beats any platform.
Layer direct-to-seller in second, once agents are producing and cash flow supports it. Start narrow, a tight, high-equity, high-motivation list, not a giant one. Test small, track cost per deal, scale only the source that converts.
On buying leads specifically, since you asked: the broad "motivated seller" lead lists sold to everyone are usually the ones that burn cash, you're the tenth person calling. Anything exclusive or you-generated converts far better than a shared list. If you test paid leads, demand exclusivity and track cost-per-deal ruthlessly, kill what doesn't pay.
Do they work together? Yes, and that's the endgame. Agents for steady near-term flow while you build the seller machine that eventually gives you the better margins and no commission. But sequence it, don't run both hard on a small budget from day one, you'll do neither well. Agents to get deals flowing now, direct-to-seller to scale margin later.
On realistic Atlanta spend I'll let the active wholesalers here give you a hard number, it swings a lot by buy box and how much of the labor is you vs. paid. But the principle holds, agent relationships get a small team to one-a-month cheaper and faster than a cold-outreach machine you're not yet staffed to run.
Real Estate Broker · Atlanta · Member since 2024 · 1k+ posts · 604 votes
1mo
@Sharon Israel I am a real estate broker here in Metro Atlanta and with an increase in expired listings and distressed properties, I may be able to send a few deals your way if I know your buy box and you are able to close quickly. Building relationships with local agents can be a great complement to your direct to seller strategy.
@Sharon Israel I just started a wholesaling operation in GA and TN. I have contracts coming in steadily but I am having trouble with finding buyers as this is a new market, looking to make connections with investors such as yourself who are looking for deal flow that they don't have to compete with like on the MLS. I'd love to connect