Finding Deals in LA.. MLS??

[Jorvon Smith]

Ok BP, seeing that the LA market or So.Cal for that matter is heavily saturated with wholesalers, bir dogs, and others. What strategies and systems are you using to find deals? I rencently turned to the MLS to search, however I can not get a REA to submit offers for me as my transactional funding, is not considered valid POF. I have active REAL buyers that will buy, and looking for various deals, REO's, Fix and flips, the problem is finding them. I have invested in software to help, with absentee owners, and other lead generating techniques, however I am finding it difficult to find anything. So again I turned to the MLS. So question:

1. Is the MLS a viable lead source? If so are there any "simultaneous close friendly" realtors out there??

2. If MLS is a solid source, then how are you all submitting offers? And closing on them??

3. If the MLS is a dead source, what do you suggest? My main strategy is wholesale.

Again, I have active REAL buyers in LA county, Orange County, and Riverside County, all legit, just need real deals to present. I know formulas and deal analysis, just need the goods 😁 

Any advice would be appreciated as I would like to close another deal before the end of summer, and 5 by the end of the year. 

Many thanks,

Jorvon

Psalms 37:23

[Jorvon Smith]

Hi David,

Ok here is the deal with MHD... I have closed a couple of times on properties posted there, and they were legit FSBO's. It's funny b/c both times, I am fully convinced it was pure coincidence (or Devine blessing =-) ), as the moment I paid fro the 34.99 subscription, a lady from Santa Fe springs was selling her home, as her husband had just passed. Another deal, same thing renewd my subscription, went through the whole "bogus leads" and all, however I somehow stumbled onto another deal.

So in short, to answer your question, yes and yes. Yes they do have good deals, and yes it can be a place where bad deals are puched.

Hope this helps.

Blessings,

Jorvon