Fix and Flips...MLS Acquisitions are Dead!

[Peter Vekselman]

In the 2 decades that I have been in real estate there were times when I bought many deals via real estate agents and MLS.

Iam a Fix and Flip investor. Meaning I need deals that have minimum 30% equity. I have not bought a deal from MLS in a few years. In my opinion that channel no longer exists and there are no equity deals to be had. It is literally like looking for a needle in a hay stack. Not worth it...

Agree or disagree?

[Chris Martin]

Quote from @Peter Vekselman:

In the 2 decades that I have been in real estate there were times when I bought many deals via real estate agents and MLS.

Iam a Fix and Flip investor. Meaning I need deals that have minimum 30% equity. I have not bought a deal from MLS in a few years. In my opinion that channel no longer exists and there are no equity deals to be had. It is literally like looking for a needle in a hay stack. Not worth it...

Agree or disagree?

That's the thing about real estate cycles. Sometimes there is a lot of supply and little demand, like the years after the Great Recession, and sometimes there is a lot of demand and limited (affordable) supply like now. I believe patience pays off, so like you I don't participate in what doesn't work or is a waste of time. I guess I'd call it a 'pivot' when I built my first (commercial) solar farm. Still 'real estate' but not really a rental. As an optimist, I say it all works out in the end.