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Updated 5 months ago on . Most recent reply

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Beginner Flipper Looking for more deals

Patricio Acosta
Posted

Hello, I’m a beginner flipper based in San Diego, CA. I’ve completed a couple of successful flips, but I’m not finding as many deals as I’d like. So far, I’ve found all my deals on Zillow, but now I’m looking to expand into wholesale and pocket listings.

A wholesale or pocket listing sounds great because fewer people see the property, which means less competition when trying to close the deal. I'm curious about why a seller would choose not to list their property on the MLS and Zillow—wouldn't they get more exposure that way?

Also, what’s the best way to find wholesalers or pocket listings? Is there a marketplace for these types of deals, or do I need to focus on building local connections? Any advice for finding these opportunities in San Diego would be greatly appreciated.

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Dan H.
#3 General Real Estate Investing Contributor
  • Investor
  • Poway, CA
7,128
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Dan H.
#3 General Real Estate Investing Contributor
  • Investor
  • Poway, CA
Replied

I normally would not provide this list, but I am not currently acquiring in Southern CA because buy and hold do not make sense to me at the current time and I do not flip.

Networth realty

 Fair trade real estate

Joey belcasto(sp?)

Garrett Tomlinson

Zachary Myers 

Maverick Fuller

Mira Xia (I have not received anything from her in a month which is unusual so question if she has exited the game or taking a break)

Remember wholesalers numbers must be verified.  Many require cash purchase.  Many have very short offer windows.  They have elevated risk.  Virtually every property needs work and/or has risk items.  They are not for beginners. 

Most purchasers are better served buying via a real estate agent from the mls.  

good luck

  • Dan H.
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