Thoughts? Buying Multi-Family off MLS or DM

[Casey Gray]

I'm looking for my first Multi-Family property (Duplex or Quadraplex). I spoke to a broker friend and he suggested MLS, but I listen to the podcast and read that several investors use direct mail as well. Would love to hear some of the pro's and con's of each from those who are more experienced than I am. Thank you.

[Brian Corbett]

Don't pigeon hole yourself on one particular method. Some people say the MLS is not the way to go because everything is market value. While this is partly true, deals can still be found on the MLS and if the numbers work for you then who cares where the deal was found. @Steve Bracero is right about your Realtor.  He can set up a listing cart for you to send you everything that is on the market and hits the market that fits your criteria.  I get emails daily from "myself" for everything that is a foreclosure and/or MF in my market.  It has led to two deals personally and 3 more for clients this year.