The Flipping Pad, a social networking site that is designed to help people “share and discuss real estate investing” is putting a stake in the site up for bids.
You can place a bid on Sitepoint, an online auction site for web properties. What you’d get:
1. Outright Purchase: PM us for an est. and more information
2. Equity Parter: 75% ownership for a qualified candidate. Negotiable.
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Our site is nearly out of the beta stages. We’re looking to sell an equity stake to a new partner and remain on in an advisory role. This person would ideally be an experienced Real Estate Investor and/or community builder.
We’ve seen a flood of Real Estate 2.0 sites over the last few years driven, I suspect, by much more accessible technology (Google Maps API for example) that’s made sites easier and cheaper to build and by greater willingness by brokers, agents and MLSes to share their listing data (i.e. free content).
The challenge, no doubt, is for anyone to start to monetize any of these new sites in a serious way, especially since the deluge of social sites has resulted in declining CPMs.
But hey, if you think you can make a go of it – place your bid.
(h/t Gundy Group Blog)