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Updated over 5 years ago on . Most recent reply

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160
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Leland James
  • Developer
  • Tacoma, WA
37
Votes |
160
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Can you flip properties on the mls?

Leland James
  • Developer
  • Tacoma, WA
Posted

Has it ever happened? Has anyone been successful in doing this? Please, any and all info.

Most Popular Reply

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
4,399
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4,756
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied

I look for vacant properties that have been on the mls for 90 days or more and have had big price reductions. I determine what I can pay and make a cash offer regardless of asking price. I get 3 out of 10 this way. Often if they turn down the offer initially they will come back around  later and take the offer. 

You can automate this by training a REALTOR® on your parameters and have them make the offers or you.

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