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Updated about 7 years ago,
Tips for working with Real Estate Agents?
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!