Lowballing offers on the MLS to get deals

[Richard Rodriguez]

Hello,

I recently read an article that a successful rehabber/wholesaler wrote on sourcing deals from the MLS. Basically, what he was doing was selecting certain properties that fit his criteria and submitted an offer which was about 30-40% below ARV. He has been successful for years doing this and I've heard of others doing this.

However, others have forewarned me about lowballing offers on the MLS because I will create a bad reputation amongst agents. It's a small world out there and my name will get around as a "low ball" investor.

What do you all advise? Is anyone doing this? If so, please share your experience.

Thanks!