Where to get deals? Not the MLS I think.

[Teho Kim]

I've yet to purchase my first home. I've looked around seriously on the MLS, analyzing deals, talking with my team members and getting their opinions. The problem is, deals on the MLS rarely cash flow $100 a month (and I am looking for >$150). I'm only looking at A/B properties; could it be that these are simply produce less cash flow than C/D properties?

I feel I am not concentrating my efforts correctly. Should I look outside the MLS? Perhaps auctions?

Any thoughts are appreciated.

[Ned Carey]

It is very rare that you can buy a or b properties at full market value on the MLS and expect them to cash flow. Yes A or B properties will absolutely cash flow less that C or D properties. There are LOTS of ways to find deals, serch the site and you should find many ideas. Try searching for 100 ways or 101 ways to find deals.