MLS to Wholesale, Finding the Deal has changed - Nashville

MLS to Wholesale, Finding the Deal has changed - Nashville

Investor · Nashville TN & New Haven County CT, & Fairfield County CT · Member since 2017 · 11 posts · 5 votes

I started investing in real estate 10 years ago when the real estate market was depressed. I used to buy all foreclosures off the MLS, rehab them, and rent them out. Over time the foreclosures dried up, and I was scrambling to try to find deals. Since 2016 I have turned to wholesalers or direct purchases. But still finding the deal has become the hardest part. I currently own 7 LTR units and 2 STR units as well as completed 4 builds. Now in 2019-2020 I am finding even the wholesalers are bringing less and less valuable deals my way (Side Note: I am looking for bigger and bigger deals, apartment complexes, commercial, multifamily LTR's and STR's).

I miss the old days where banks were desperate to get rid of their foreclosure inventory and would take almost any cash offer. I would love to hear anyone else's story on how their real estate investing experience has changed over the past years and what they have done to adapt. 

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  • Real Estate Agent · Nashville, TN · Member since 2015 · 2k+ posts · 2k+ votes
    6y

    @Daniel Orlowski

    Sounds familiar. I bought my first deals from MLS, then from wholesalers, then from my own marketing, and now I'm kind of stuck on finding anything new. It's just the market we are in I guess.

    A partner of mine who is a veteran investor 25+ years. Said back in the day he would go to a local meet up and walk away with as many deals as he could afford. 

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