North Dartmouth, MA · Member since 2018 · 45 posts · 6 votes
Being a fairly new investor in multi families in the Massachusetts area and having bought through the MLS system using an agent, I find it much harder now in finding good deals. Everything in the MLS seems overly priced and seems to get sold fairly quickly. So I need to find another way to find deals to buy low and hold on. Where should I be looking for opportunities?
Look in places like Craigs List for wholesale properties, auctions etc. Once you start calling wholesalers, they typically have multiple properties, get put on their list.
Just a FYI if properties are sold fairly quickly from the MLS they are not overpriced, they are underpriced from a Sellers perspective.
@Stephen Neto It's not so much that everything is overpriced as it's the market rising. It may not be at a price you like, but if they sell, then by definition they weren't overpriced.
I have found deals many for my investors on MLS, but the key is speed. Our system will alert you within 15 minutes of a new property coming on market. If it looks like a good candidate, we need to get in immediately.
The objective is to get it under contract before the first open house. If the seller's agent is sharp, they'll use the open house to get a bidding war going, so if we can out hustle the crowd, we can win.