offers

[Sergio Ortega]

I have access to the MLS and look for deals all the time. I am a new wholesaler in orlando,fl.. It seems like deals that I think are great already have several offers even though it is 1dy old. Can anyone help in determining how to place offers quicker than everyone else? I am working with a realtor at the present time.

[Jon Holdman]

Wholesaling and the MLS just don't go together. Tons of people have access to the MLS. There are lots of people who know exactly what a good deal is for their areas and who watch the MLS for new deals every day. They can make an offer without even looking at the house. Your area sounds a lot like mine. Great deals get sold with multiple offers in a matter of days.

Even if you get a deal from the MLS, why would anybody else buy from you at a marked up price? They could have bought it directly at a lower price.

Does that realtor know you're wholesaling? If she does a lot of REOs, she probably has a group of investors she passes deals to. The ones who can actually quickly close deals are the first ones she'll offer a deal to. Once she figures out you might or might not close a deal, she'll drop you off her main list.

If you want to wholesale, you need to find your own source of deals. Priscilla had one suggestion. Develop other paths to deals. Direct marketing, bandit signs, "we buy houses" ads, etc.