Zillow Announces plans to flip properties

[John Hatton]

Zillow announced today it's intent to buy and flip properties in the Vegas and Phoenix markets. What are your thoughts on bigger, brand name movers coming in to an already active market? Obviously, big investors are everywhere throughout the country, but I am curious how some of the more seasoned investors view it

[Patrick Hale]

My contact at Zillow mentioned this a mainly a play to try to get Seller leads to zillow agents. 97%+ of the sellers that click the button to sell their home ended up not wanting to go through with the zillow instant offer....they then know that the owner wants to sell and send that lead to an advertiser to try to take the listing....