Zillow is going to start flipping houses. thoughts?

[Josh Dillingham]

https://www.digitaltrends.com/home/zillow-to-buy-h...

Curious about your thoughts on this article. It sounds like the programs is already live in Phoenix, has anyone there felt it's effects?

[Neil Goradia]

@Josh Dillingham, I think it's a smart business move on their part, but obviously wholesalers and other flippers will feel a noticeable impact with reduced available inventory. The Zillow brand has far more reach, and may appear to be more "trustworthy" than any wholesaler can offer to a motivated seller.

The question remains - how are their offers going to rank vs. an independent wholesaler/flipper? If they're super low then hopefully investors are still a worthy option for a seller to consider.

[Owen Dashner]

My partner and I were just talking about the Zillow thing the other day. I wonder how they will put their team of "boots on the ground" together.  Maybe they will be recruiting experienced wholesalers in their target areas to work on a 1099 basis or profit share of some type?  They obviously have infrastructure in place for the marketing/lead funnel, but they are still going to need people to go on appointments, coordinate showings, closings, etc.  This will be interesting to see how it develops...