Should I keep trying the MLS - Offers not getting accepted

[Victor Oben]

Hi yall, real estate newbie here. For the past 6 weeks, I've been making offers for properties on the MLS at asking price or above. A lot of the times, seller's agent doesn't even respond, and if they do they let me know they have multiple offers. Is it still worth looking on the MLS, or am I better off trying to get off-market deals? Any thoughts?

[Jonathan Greene]

There's no point bidding as an investor on MLS properties in the first week with everyone else. You want to look for the ones that get to 30 days and then like @Kenneth Garrett said, 4-6 months can be great, as well as an alert for all properties that come back on market after a failed deal. Those are super ripe because you can often hop into the pending transaction if you are quick enough as they don't want to do the whole thing again just to get screwed. I mail a lot of markets for off-market, but we still buy on the MLS in one of the hottest markets in NJ. We just pick the properties that others missed.