Buying off market for flips

[Russell Quealy]

Hey everyone!

So with the deals I'm getting im seeing smaller profit margins in the DFW area. I was thinking about going direct to seller and trying to aquire off market deals myself and then flipping them or renovate and rent.

My question today is, if I am able to find an off market deal myself, without using a wholesaler or anything, is the buying process the same as buying it with a realtor? I would more than likely use private or hard money to fund the deal. Or if it's in a cheaper area use my own funds then pull them back out. Also would I need a realtor to do this type of deal? Any insight would be greatly appreciated!

Thank you!

[Keenan Fitzpatrick]

@Russell Quealy

Wholetailing is currently one of my two favorite techniques right now!

To find a good agent, I’d recommend using the featured agents on BP. You can contact @Matthew Rice on here to help with that.

If there are none in your area then I’d recommend calling your big box brokerages (since they have some at the front desk answering phones, and ask that person at the front desk who in their office does the most type of real estate you’re interested in doing.

Another way is to post on Facebook. My experience is that most people would want you to use their realtor maybe for a sense of validation or helping so it’s really important that you ask for a specific agent and why they’re recommended. Then you need to Google a script to ask them so you can get them.

This “partner” in your business is a huge benefit so don’t cut things short on your due diligence! Do it once really well and that person will likely do more than you expect and be with you indefinitely. Just don’t ask them to help you make money on a discounted commission cuz an agent that can’t protect their own money can’t protect yours either.