Fixing and flipping off the MLS?

[Jason Cotner]

Hello all,

I have mentioned in previous posts that we are selling our home to kick start our fix and flip biz. I have talked to our Realtor (who is selling our home) about this and asked him if he works with "investors" and if he had any problems making low ball offers, and I think he is on board. He has came through with my request on some potential properties and we went out and looked at some yesterday. I came home afterwards and ran some quick numbers on a couple of them, and will have to offer 10k below listing to make them work.

My question....Is it a good approach to look for fix/flip properties on the MLS or am I wasting time? I know if my offers get accepted this could work, but do the seasoned fix and flippers generally do this? Just trying to get my head wrapped around this.

Thanks for your time
Jason