All Forum Posts by: Marc Sinnott

Hello BP friends,

I have motivated sellers and can't take down the deals myself - need help and/or advice please!

Here's the situation: I just completed my first single family fix&flip. My girlfriend and I have been working on the project for the past several months, finally finished the house and got it on the market, and we're thrilled with how it turned out!

During the course of marketing the listing - holding open houses, dropping off flyers for neighbors, etc - I have come into contact with a few owners who want to sell off market. Specifically, there are two owners who I've spoken to who are very motivated to move, and don't want to list their houses on the market. They want an investor like me to make them an offer and give them an easy out. Seems like an investor's dream, right??

Here's the problem - I am heavily invested in the flip I just completed. Until this house sells and closes, I don't have the bandwidth or capital to take on another project. Unfortunately, I just don't have the ability to carry more than one project at a time yet. But, I know that I can't let these motivated seller leads go to waste. I'm looking to the Bigger Pockets hive mind to find some possible opportunities with this situation. Here are a few of my initial thoughts:

• Should I bring in an investor who does business in that area, pass off the leads to them (maybe for a finder's fee), and let them negotiate as needed?
• Should I attempt to get the sellers into contract, and then turn around and find other investors to wholesale the deal to?
• Should I keep the sellers engaged, and bring in one or more partners to participate in the deal?
• I also have my RE broker license - should I try to convert them into listings which I can market and sell for commission?
• Is there any other angle or opportunity I'm not seeing?

Any advice on this topic would be greatly appreciated! Also, if you (or someone you know) is an active investor in the East San Gabriel Valley area of Southern California, and would like to work together in some capacity, please don't hesitate to get in touch.

Thanks in advance for your help!

Marc

Hi BP Community,

I'm a new member - been devouring the podcasts, but this is my first time interacting in the forums!

I'm just starting a flip project in San Dimas, in the San Gabriel Valley in beautiful Southern California. I've participated in other people's flips before, but this is the first one I'm taking on as a personal project... super excited, a little bit nervous, learning as much as I can!!!

I just closed on a POS fixer property with TONS of potential, and I'm currently interviewing general contractors. The project is a gorgeous 1911 craftsman that has been completely gutted, and needs new EVERYTHING.

I'd love to start a dialogue here to engage with the BP community on this project.  I'll be happy to share good vendors, tips, cautionary tales, and anything I learn during the process to pay it forward. Look forward to connecting with some like-minded RE folks.

Cheers,
Marc Sinnott