MLS to Wholesale, Finding the Deal has changed - Nashville

[Daniel Orlowski]

I started investing in real estate 10 years ago when the real estate market was depressed. I used to buy all foreclosures off the MLS, rehab them, and rent them out. Over time the foreclosures dried up, and I was scrambling to try to find deals. Since 2016 I have turned to wholesalers or direct purchases. But still finding the deal has become the hardest part. I currently own 7 LTR units and 2 STR units as well as completed 4 builds. Now in 2019-2020 I am finding even the wholesalers are bringing less and less valuable deals my way (Side Note: I am looking for bigger and bigger deals, apartment complexes, commercial, multifamily LTR's and STR's).

I miss the old days where banks were desperate to get rid of their foreclosure inventory and would take almost any cash offer. I would love to hear anyone else's story on how their real estate investing experience has changed over the past years and what they have done to adapt.