How to find offline deals for the Montgomery MD area market.

[Kal Wol]

hello awesome BPs

I have been looking into the investment properties off of the MLS and that has been a real challenge for the past 9 months to make a cash flow with different scenarios including sublets - there are a couple of regulations in this area also.

I am looking into the market of Montgomery county MD. Which is one of expensive areas to invest in. But recently I came to learn that deals that are outside of the MLS are better in making investments than the MLS ones.

The thing is, I don't know where to begin to see of the off market deals. I have seen some websites which are listing some properties but they require more information from what I see to see the deal. I think I was spoiled on the MLS for getting the information for free.

So the question is what is the best way to learn about the investment opportunities that are out of the MLS? Sorry if it is a very obvious question and hopefully someone will help out on this.

Thanks a lot.

[Russell Brazil]

Off MLS deals arnt going to cash flow any better than on MLS deals in MoCo. The DC area is one of the lowest cap rate markets in the country.

In MoCo you'll generally need a 40-45% down payment currently to have your rent cover your PITI on a standard long term rental. A property being off the MLS won't get it for you anywhere close to cheap enough to change that reality.

50% of the properties we transact are off MLS.