Setting up an MLS email for cash flow

[Lawrence Morello]

Hello,

I am looking to invest in a house hack and my sister-in-law is a real estate agent. She is willing to set up a recurring email that lists available multi-family properties in my area through the MLS.

Could anybody help me as far as far as setting up criteria for this search?

I am looking for a three or four family unit that gives me good cash flow.

Any help you could give me would be greatly appreciated! I don’t know much about where to start...

[Jonathan Greene]

Start not on the MLS. Sure, an alert will give you first-day access, but that's all. Everyone else will see the same properties at the same time. You won't beat anyone to the punch on the MLS. Setting up a recurring email is like the least time-consuming thing a real estate agent can ever do. It takes two clicks. There aren't a ton of 3 & 4-family units on any market so you don't want to tailor that search at all. Just 3 or 4 units. All it does is send you anything new. The only thing an MLS email is good for is if you have it checked for properties that were Under Contract or ARIP and now are back. Failed deals are the best things to find on the MLS because the bank or seller was planning on closing and they will want to replace that deal quickly to get back on track.