Need advice on where to find residential investment properties

[Sam Leon]

I am having a real hard time finding residential properties down in South Florida.

I have been monitoring MLS and as soon as I see something there are multiple bidders within 24 hours, now my agent told me if I want to have a chance I need to drop the right to inspect clause as other buyers are making cash offers like mine with no contingency whatsoever.

It's not like there is no good deals around, I spot good deals all the time but often lose because I don't have an inside track and many agents protect their listings for their pocket buyers.

I started to look at foreclosure auction but it seems those are being bought at market value with much higher risks.

I read a little about wholesaling, is this another vehicle to pay someone with an existing deal in their pockets? Sounds like those are hit and miss too.

So any advice where to look? Seems there is a lot of resources on BP may be someone can point me in the right direction.