Is MLS needed to find cash buyers?

[David White]

I want to know if I need access to the MLS in order to find out who brought houses with cash in a specific area. What I'm currently doing is looking on Zillow to find houses being sold close to the ARV of the house I'm wholesaling. Then I'm looking on my states assessments and taxation website to see who purchased the house. The problem I'm running into is the website just states how much the property was brought for. I was told a realtor could get the info for me. Is this true? Also is there another way to find out the cash buyers?

[Jose Flores]

Hey @David White I use Findcomsnow.com, sign up for your free account, log in, and under whats your property worth you are going to put in the zip code of the subject house. Now if you scroll down you will see 3 categories cash buyers, private lenders, and retail. We are going to go through each of them looking for the lowest comparable sales. Given that the Multiple Listing Service, or MLS is the best resource to use. And this is how you get access to it.

Step 1: Find a local real estate agent to work with.

Step 2: Now that you have a real estate agent you will tell them what you do and explain to them what you can do for them. That's the twist; not what they can do for you but what you can do for them. Here is your script. Hello Mr. Agent my name is Jose Flores and I am a wholesaler in the area and I am looking for a new real estate agent to work with. I have sent out some marketing material this week and I am expecting to hear back from sellers inthe near future. As you probably know I need to get properties under contract at deep discounted prices in order to sell them fast. Therefore, many of the sellers I work with do not meet my criteria. I would be willing to forward their property address and contact information to you. I don't want any referral fee, but what I do need help with is getting comparable sales from the MLS. Is that something you can help me with?" The would give them my search requests and have them email the comps the first few times. Hope this helps.