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I am a Realtor in Greenville, SC. The best deals over the last 12+ months are definately off market properties. In upstate south carolina once a "deal" hits the mls, there are so many offers on the property that it creates a bidding war above list price. I can only speak of my local market though.
@Account Closed Each investor's perception of a deal is different based on their current position and future goals. You say these properties had low cash flow so for some investors, that would mean no deal.
You're correct in saying that it is misleading to say "there are no deals on the MLS" because a deal has a very different meaning to each individual. I'm still not sure what your point is here though.
We found some decent owner financing deals on the MLS last month. Didn't close on any of them, but they were solid leads.
Julius John but isn't the reason they are viewed as deals now.. in retrospect .. is because the general market has gone up ?
Every market is local also .
When I look on the Redfin at MLS listings in the Midwest properties that cash flow look plentiful.
When looking in L.A not so much .
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