Look in the MLS or elsewhere?

[Eric D.]

Where should I look for a buy and hold rental?

I just bought my first buy and hold rental property off the MLS in Maplewood, NJ - a two-family. It was a flip that had been foreclosed and then fixed up. I bought it with 25% down with a 30 year mortgage at 4.7%. I also put an additional 20k into it. I easily got tenants and should make a good cash flow each month of over 1k.

Question is: are there better places to buy from than the MLS? I want to buy another property with bank financing once again, and I am not a DIY guy, so that rules out foreclosures where one pays cash sight unseen. However, a lot of inventory on the MLS is overpriced in the competitive NJ market. Should I be looking elsewhere, and if so, where? I am such a newbie that I do not know of other "venues" to buy from