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Updated over 6 years ago, 04/16/2018

User Stats

204
Posts
174
Votes
Josh Dillingham
  • Rental Property Investor
  • Brattleboro, VT
174
Votes |
204
Posts

Zillow is going to start flipping houses. thoughts?

Josh Dillingham
  • Rental Property Investor
  • Brattleboro, VT
Posted

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?

User Stats

259
Posts
129
Votes
Neil Goradia
  • Developer
  • Indianapolis, IN
129
Votes |
259
Posts
Neil Goradia
  • Developer
  • Indianapolis, IN
Replied

@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.

User Stats

1,002
Posts
1,043
Votes
Owen Dashner
Pro Member
  • Lender
  • Omaha, NE
1,043
Votes |
1,002
Posts
Owen Dashner
Pro Member
  • Lender
  • Omaha, NE
Replied

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... 

  • Owen Dashner
  • CV3 Financial logo
    CV3 Financial
    |
    Sponsored
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