Can You Wholesale off the MLS?

Question

BP,

Quick question: Is it possible to wholesale deals off the MLS? I got the idea from listening to a few podcast this last week. I have been looking at a few properties in my area that have been on the MLS for at least 90 days but I don't know how you would deal with the agent. Has anyone ever done this before? Any tips?

Brandon L. · Answer

@James Danchus it is absolutely possible. This may seem over simplified but you have the price in your head you want to pay, and you negotiate with the seller through an agent. The seller will either accept or reject.

What is the average days on market in your area? What is the condition of the property? What is the situation of the seller?

If the house has been on the market longer than the average, it's most likely because it is priced incorrectly.

Joe Villeneuve · Answer

Sure.  Why not.  We wholesale all day off the MLS

James Danchus · Answer

No problem. The Investing Mastery Podcast is good too, Joe McCall talks about it a lot.

James Danchus · Answer

I think it is episode 70 but it looks like he took it down.

Account Closed · Answer

Thanks brother but I finally figured it out. He did take it down I believe.

Account Closed · Answer

I listen to his podcast. Which episode was it

James Danchus · Answer

Great info Marvin. I'm brand new, so I am working with another wholesaler who is associated with an Real Estate Investment Company, so really the POF would be in his court.

Question: Do I need a POF to submit an initial offer? In which case I would need to go to my associate first and see what they would pay and whether he could get the POF.

James Danchus · Answer

Yes it was from the Tom Kroll podcast and that is what got me thinking.

James Danchus · Answer

Thank you for the direct answer, Brandon. The house I have in mind is an older house (built in 1970s). The thing is that in this area there has been a A TON of development since and some houses are going within 5 days not very far away.

The house is old and it shows from the outside.

Can You Wholesale off the MLS?

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