We find these by using marketing to contact sellers & express an interest in buying their property.
Part of the reason we’ve bought all of our properties this way is because it was very difficult to find a “deal” on the MLS. Too much competition.
Well, with recent market changes & higher interest rates, many investors are beginning to find “deals” on the MLS.
What’s great about MLS “deals” is that they don’t have any marketing cost, which increases your profit.
Our team is now daily making offers on MLS properties. And the best part is that these properties are being automatically emailed to us each day.
Here’s how we’re finding good MLS deals:
- Have your Realtor friend set-up an auto-email in MLS for you
- Configure the auto-email in MLS to send you emails in zip codes you’re interested in that meet any of the following criteria:
- 90+ Days on the Market
- Keywords: investor, as is, repair, motivated, TLC
- For each match that comes through, have your Realtor submit an offer on that property (or have the listing agent represent you).
- It will likely take many offers to find a deal, but deals are out there and if you put together a system like this, you’ll eventually find one.
- Once you get a deal under contract, you can decide which type of “flip” you want to do to the property - quick, cosmetic, or full fix & flip.
This is a great way to find real estate deals without the added marketing cost!
