Diff ways to find Buy-and-Hold Properties
Hello BP'ers,
I am new to BP as well as REI side. But my primary focus is on Buy-and-Hold property as a starting point to generate cash flow. I have been looking SFH (Single Family Homes) in North Dallas area thru MLS listing and RE agent. (Main focus is on: 3 bedroom, 2 bath, attached 2-car garage, under 2000 sqft, 0-20 years old), I have seen many properties and put an offers on 3 homes (Almost near to listed price), but seller has decided to go with other buyer. Also, with my short experience, I have realized that these single family homes are going under contract within a day-or-two. With my more reading on BP, I have realized that the contract is not only going for first-time home buyers but there must be investor like me, who are looking for a investment property.
Am I doing something wrong on these offers or is DFW market is too hot for this type of < 2000 sq ft properties under $175K? So far, I have looked only one avenue thru MLS listing for buy-and-hold, but I am sure my friends on BP must be using a different ways (other than MLS) to acquire these type of properties… Any help on finding these avenues are greatly appreciated…
Thanks a bunch…
DP