All Forum Posts by: Deann S.

Co-signing.  I went on the tour back in July for the very purpose of seeing which neighborhoods to potentially target for investing.  We had a great guide on our bus and I found it to be extremely informative.  I plan to take it once a year from now on just to see all the development real time (sort of).  I live in Berkeley Park and am about a mile from the Northside portion of the trail that goes through Tanyard Creek Park and I am out there on the trail at least 3 times a week.  The Beltline is really going to be something when all of the sections are completed and joined.

@Chinmay J., @Jacob Wathen, @James Maradits, thanks for the additional suggestions.  I'm taking notes!  I hope to be able to post about the acquisition of my first project before too long.

@Andrew Johnson - another great strategy - direct mail. I have a lead for someone who creates lists for investors. I don't know why I'm so focused on the MLS :)

Thanks everyone for your input!

@Russell Brazil and @Chinmay J., I was hoping to avoid having to get my own license, but you make some good points in its favor, and I may have to reconsider.  I really like the idea of paying per offer - that seems reasonable since I'm taking up their time.

@Mike McCarthy, thanks for that reminder. I know for a fact that the guy with the 800+ flips did not find most of them on the MLS. I'll need to work on generating leads in other areas as well.

@Aaron K. I will be keeping those percentages in mind when reviewing listings on the MLS - probably not the best source to use for lowballing (>15% below asking).

Hello,

Newbie investor here.  My goals are to start out flipping and use the proceeds to build a rental portfolio.  Someone who has been in the business a long time (over 800 flips) told me that to get one deal, you have to analyze about 100 properties.  From those 100 or so properties that you analyze, roughly 20 might be worth making an offer on, and probably only one of those offers will be accepted.

My question is, how do I find a realtor who is willing to submit that many offers for me with such a low acceptance rate?  I want to flip 10 properties this year.  If only 1 in 20 offers that I submit will be accepted, that would mean that I would have to make 200 offers.  What real estate agent is going to write 200 offers for me on the chance that 10 will be accepted?  How can I make it worth their while?  Any tips for working with real estate agents would be greatly appreciated.  I'm not interested in becoming an RE agent myself.

Thanks!