Off-Market vs On-Market deals

[Reese Richardson]

Hello all! I've been reading and listening to a lot of investing media, and it seems there is a large emphasis on finding and doing deals on off-market properties. So my question is, is it "bad" to just find deals via MLS or another way, that are on-market? I'm aware of the 70% and 1% rules when it comes to value you get from what you put in and what you get out, but aside from possibly finding some better deals off market, why does it seem to be taboo to go publicly listed properties?

[Andre Brock]

I don’t think it’s bad thing to find deals on the mls however the key point it has to be a deal. The mls get a ton an action which breeds “stiff competition” I think most sound investors are trying to stay away from bidding wars which can occur when bidding on properties listed on the mls.