Investor · Edmonton, AB · Member since 2017 · 12 posts · 15 votes
I have recently switched from doing exclusively MLS deals to marketing for distressed properties privately (I flip houses in Edmonton Canada). From what I have heard often only a small percentage of these leads will likely be appropriate for actually purchasing from, so I was wondering - what do you do with all the individuals whose homes you cannot purchase? I've heard a few ideas such as -
-Referring them to a realtor for a traditional sale, splitting commission (I am also a realtor)
-Sending their information (with their permission) to other local flippers/cash buyers that can hopefully offer a quick purchase
-Providing the distressed seller a list of local flippers/cash buyers so they can contact them at their discretion
Do any members here have any other solutions they offer to their distressed seller leads or experience with the above strategies?
It sounds like you thought of some good options. If you give a list to the seller they may not do anything with it as it may appear like more work to them. It almost sounds like you would have deals to “ wholesale “ to other buyers, but would need to create a network of buyers. I’m not sure if you meant that a small amount of the leads would make financial sense, therefore the other leads don’t make sense to pursue ? If this was the case then it would be pretty hard to market it to another investor. If you wanted to chat about what you are coming across feel free to message me. I am also in the Edmonton area. Best of luck with the flips!