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Ep 18: Why the Best Iowa Flip Deals Never Hit the MLS

One Iowa flip closed $9,000 over asking. Its twin closed $22,000 under the comps. What was the difference?

Most flippers a few deals in pick a lane. "I'm an MLS guy." "I'm an off-market guy." Like it's a sports team you root for, and it's a beginner's way to think about sourcing.

Once you're running real volume, it stops being about preference and turns into portfolio math. The MLS is your volume engine. Off-market is your margin engine. Two different jobs.

The tension is that off-market moves your margin but can take six months to a year to get reliable, and one mailer is not a strategy. Go…

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