Is Off-Market a Necessity?

[Griffin Malcolm]

Trying to do my first BRRRR. I have an LLC to get the hard money loan, am reading the Book on Estimating Rehab Costs, have read the BRRRR book, am in talks with some contractors, and have an agent who has me set up with automatic listings form the MLS. I'm starting to feel like this isn't enough though. Nothing new has shown up in my MLS account in over a week, and I just listened to the podcast where Henry and David essentially said BRRRRs will only work with off-market, well-under-asking-price deals.

Is this true? And as a new investor (I bought a SFH as my first property May of this year as a house-hack), how am I supposed to compete / find these off-market deals. Furthermore, should I even be trying to BRRRR right now? I intend on getting a house hack each year which has better margins than BRRRRs, so that should be easier to find, but then my velocity is only 1 property a year. Obviously that's nothing to scoff at, but we all come here to accelerate wealth, and ideally I am able to do more than 1 a year.

Anyone have any ideas?