Opinions on MLS properties??

[Dan Schweit]

What are your thoughts on MLS listed properties (Redfin, Zillow, Realtor)? Does anyone find good deals this way? As soon as I find what seems like a deal I pause and wonder why, if it is a good deal, was it not snatched up prior to listing. Mind you i'm a beginner and am making the assumption that it was brought to a more seasoned investor before the agent decided to list. Is this just analysis paralysis or is there strong validity to this thinking?

[Mark Sanderson]

Hi Dan,

There are actually quite a few deals found on the MLS in LA. That doesn't mean you don't have to network as that makes deal finding easier - but there are deals on the MLS

I have a research assistant that looks at this for me nationwide.

Here's an example:

Sold in January 2019 for $205,000 - https://www.redfin.com/CA/Los-Angeles/1762-E-111th-Pl-90059/home/7314651/crmls-SB17210662

Now pending with a list price of $429,999 - https://www.redfin.com/CA/Los-Angeles/1762-E-111th-Pl-90059/home/7314651

Or

Sold in January 2019 for $430,000 - https://www.redfin.com/CA/Los-Angeles/535-W-124th-St-90044/home/7331796/claw-18-402646#property-history

Then sold in May 2019 for $600,000 - https://www.redfin.com/CA/Los-Angeles/535-W-124th-St-90044/home/7331796

Let me if this helps and if you would like to see some more.