How to Approach Flipping When Talking to a Real Estate Agent

[Melissa Nichols]

Hi,

Silly question. We have one buy & hold investment property and are thinking about trying our hand at flipping in the same area. When talking to real estate agents, would I really say something like: "We want to make a ton of [low ball] offers on fixers for the purpose of flipping one of them." It seems like that would annoy a real estate agent, but maybe I'm wrong?

[Mike McCarthy]

I would be as honest as you can with your realtor. If you're expecting to look at 50 properties and buy one 1 - that's fine as long as you're both on the same page.

Be realistic with your price point and amount of work you're willing to tackle and go from there.

When I started into this, my realtor took me on a 10-house-in-one-day whirlwind tour, some picked by him, some by me. It gave us both some good understanding about what I was actually looking for.

(Turns out one of those 10 turned into a pretty good cash flowing BRRRR)