NEWSFLASH!!! The MLS IS DEAD!!!!
You can no longer get any sort of deal on the MLS Period!! I have been at it for 3mo and have used the basic investor formulas for offer 65-70% of ARV minus repairs, and Nothing, Nadda!! The Banks are INSANE on their BPO valuations. I live in west central Florida, "Foreclosure Central", these houses have been destroyed, Vacant for years, everyone needs a roof, roofs are leaking, cielings are falling in, Pools are wrecked , Kitchens are soooo outdated and these jackbutt Banks are listing them priced move in ready!!! I am Sick of it!!! I know what I need to do, Spend $$$$ on off market stuff, but that is not going to happen due to $$$$ not in my pocket to spend on that.. I need to do some deals ..........What are your thoughts on this????? Why are the banks pricing these things so high, they got their Bailout for goodness sakes!!!