Is Mareketing for non-MLS houses necessary?

[Jason Genovese]

Hello,

I have been buying my houses off the MLS, auction web sites, and other wholesalers. I wanted to receive some opinions if it is worth investing into marketing campaigns to find motivated sellers that are not listed on the MLS?

The local REI clubs I visit in my local area (st. louis) all seem to recommend some sort of marketing to find off MLS deals (Probates, Absentee owners, etc).

Thanks

[Bernie Germani]

Jason,

I have not bought 1 property this year from the MLS, and last year was 2. I focus 100% of our marketing budget on letters. I don't like competing with every other investor in Southern California or any where else for that matter. We would have been out of business if we relied solely on your method. Please don't get me wrong we are in 2 way different marketing areas, and if this strategy has been working I would say continue, but add some other resources to your arsenal.