Wholesaler or MLS for my first deal? Im in the Cleveland area.

[Dimitri Metropulos]

Hello all, 

I am newer to REI and am looking to find a deal and close on it before the end of summer. I started by looking at properties on the MLS and using a realtor before I discovered more about the discounted prices wholesale properties can offer. What are the pros and cons of both methods?

Does anyone have any insight they can share abut what works best for them? My goal is to buy a multifamily property, rent and hold it.  I am in the Cleveland OH area.

Let me know what other details you need from me about my situation, thanks!

[Ken Nyczaj]

@Dimitri Metropulos Depends on how competitive your market is, Cleveland being in the mid-west/ major city I'd expect the MLS is highly competitive. That is true for my area as well.

My team and I decided to go off market, creating lists nobody else can get easily- tax delinquent, evictions, code violations, tall grass, no snow plowed etc. With some hard work and about $2,000 in marketing we landed our first deal. Flipping the property so that marketing will more than pay for itself, and there are more deals in the pipeline. 

I'm all for building a massive marketing machine. The triple M.