All Forum Posts by: Patricio Acosta

Question for experienced flippers: Where do you find your deals?

I'm a new flipper based in San Diego, CA. I started last year and have completed three successful projects with 30% returns before tax within 3-6 months. I'm motivated to go all-in on flipping and currently source all my deals from the MLS and Zillow, focusing on properties in the $1.5M - $2M range. However, after a couple of months of searching, I haven't found anything promising recently. This makes me wonder—where do you find your best deals?

I've heard some people rely heavily on the MLS, while others use wholesalers, pocket listings, etc. What's been your experience with these different channels? Does the effectiveness of each vary by location? Any insights specific to California or San Diego?

Hello Evan, 

thank you for the advice. I completely agree that this is a numbers game, and I plan to treat off-market listings like any other—buying only if the numbers make sense. 

Do most of your projects come from the MLS? Are they typically stale listings, as you mentioned, or new ones that you move quickly to secure?

 Interesting, why do you think San Diego is this way in particular? 

Hello, I’m a beginner flipper based in San Diego, CA. I’ve completed a couple of successful flips, but I’m not finding as many deals as I’d like. So far, I’ve found all my deals on Zillow, but now I’m looking to expand into wholesale and pocket listings.

A wholesale or pocket listing sounds great because fewer people see the property, which means less competition when trying to close the deal. I'm curious about why a seller would choose not to list their property on the MLS and Zillow—wouldn't they get more exposure that way?

Also, what’s the best way to find wholesalers or pocket listings? Is there a marketplace for these types of deals, or do I need to focus on building local connections? Any advice for finding these opportunities in San Diego would be greatly appreciated.

Hello!
I am starting to invest large sums of my net worth into real estate (SFR, or single family homes) in a city in California. I am investing for the long run, looking for safety and long term appreciation. This got me thinking about the economics and history of real estate prices in general, more specifically:

1. What drives the values of properties in the long run in certain cities and why?
2. What are some cautionary tales of large price declines in certain some cities and how to avoid that?
3. What metrics are used evaluate if a SFR considered overvalued and undervalued by historical standards?
4. And, most importantly, what books do you recommend that can answer the questions above and talk about related subjects.

Hello! I am new to the game but I am also based in San Diego. 

I recently partnered up with a good friend of mine to flip houses. He is a real estate agent and together we have had 3 successful flips. I've been mostly and silent investor and he does the entire deal, but I am trying to get more involved. 

If you have some good deals to flip houses in San Diego let me know! 

Thank you for your post.