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Updated about 5 years ago on . Most recent reply

User Stats

11
Posts
4
Votes
Joel Parrilla
  • New to Real Estate
  • Orlando, Fl
4
Votes |
11
Posts

How to acquire property for flip?

Joel Parrilla
  • New to Real Estate
  • Orlando, Fl
Posted

Hello BP, I'm starting this journey and I've been going up and down and all around trying to figure out the best way for this. I believe FSBOs are great for better deals when the transaction is direct between seller and buyer. Then there are wholesale, it is already a deal but only if the wholesaler is experienced and truly putting out a great deal and not what is left over. And the MLS, most of the time I hear no on the MLS, good for buy and hold but not flips. I've read and seen a lot of support for finding deals on listing sites like realtor.com and zillow and such, my experience here is always with an agent attached. And then there are comps, all those sites offer their estimates which I think are way off, sometimes they seem decent.

The question is to those of you experienced flippers and buy and hold guys. How did you acquire your first property and do you still use that same method today? And what about comps, how did you acquire those and do you still use that same method today? How was it different when you first started?

Thank you in advance

Most Popular Reply

User Stats

11
Posts
4
Votes
Joel Parrilla
  • New to Real Estate
  • Orlando, Fl
4
Votes |
11
Posts
Joel Parrilla
  • New to Real Estate
  • Orlando, Fl
Replied

Hello @Brenden Mitchum, thanks for pointing out that guide. I'll be reading it tonight and I'll start putting it to use tomorrow. Thanks for the offer, we'll keep in touch.

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