Finding wholesale deals via MLS?

[Lamont Hudson]

My entry strategy into REI is leaning towards wholesaling deals to raise some capital so that I can show lenders that I have some skin in the game and have done a few assignment deals. My question is will it be too late to find wholesale deals in the MLS or would I have to find a motivated seller before they find an agent to list? Im thinking I would have to find a FSBO posted in front of a home and call the owner.

[Dev Horn]

Great answers above. In general, there is NO opportunity to wholesale from the MLS.

Get out there and beat the bushes to find MOTIVATED SELLERS that have not listed their houses.

In this business, we're looking for DISTRESSED PROPERTIES that in many cases can't be sold on the retail market because the houses won't pass inspection required for buyer financing.  Most the houses we buy as investors are "off market" deals and as the others said, we find those via marketing/advertising directly to homeowners.

I like what @Matthew Forbes said >> Real wholesaling = Marketing