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Updated over 3 years ago on . Most recent reply

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Bog Morgan
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Realtor Isn't Being Helpful in Finding Properties

Bog Morgan
Posted

I have worked with a realtor on several deals over the past few years, including commercial properties. I told her that I am looking into flipping houses (all cash deals), and when she sends me the MLS listings she mixes in good properties with distressed ones. I have told her what I need. Either she doesn't know what fix 'n' flips are, or she is not willing to filter the properties.

Whose job is it to do that?  Should she send me whatever she finds in my area and then I need to calculate what the fixed-up values would be and see if it's a good deal, or is that her job?  In a hot market like Denver, her commissions for the purchase and sales is pretty high, and I would hope that that would be her job.  Am I wrong?  

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,178
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied
Originally posted by @Bog Morgan:

I am not a tire kicker.  So you're saying that if she includes properties that in no way would qualify for flipping, that's normal?

 Whats your criteria?  

For instance I can tell you exactly what price I will pay for a property in a particular neighborhood without even needing to see it. Are you able to say Ill pay $425k in Brentwood. Ill pay $450k in Brightwood. Ill pay $400k in Riggs Park. (I used neighborhood names from my market here). 

Or are you just like, Im looking for a flip with no specifics. 


Every flipper has a different criteria, because everyones access to funding is different, and everyones ability to get rehabs done at certain prices is different.  

You need to lay out specifically what price you are willing to pay in a certain neighborhood if you want someone to find that for you.

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