Wholsaling properties from MLS

[Doug Haisten]

I have started searching the MLS (Realtor.com, Zillow, etc.) for properties to wholesale, primarily to sell to buy and hold/landlords. BP actually has a calculator for analyzing properties. I look for certain properties, for now I am looking at SFR, and if they meet the criteria (say $150* cash flow (after all the bills are paid) and a Cash on Cash Return of Investment of 9%+ I will make an offer on the property. Is anyone else doing this?

This is an easy way to analyze 10 or more properties a week. I do this in addition to D4$. I also have a lead generating website (just a few months online).

Doug

[Mark Fries]

@Doug Haisten If you wanna make it as a real wholesaler in this business do not try to regurgitate leads off of MLS and give them to buy and hold investors As an investor that does buy and holds there's nothing worse when I get an email or text from a "wholesaler" telling me they got a great deal and it's just a house that's been languishing on MLS that everybody sees and knows about. As a wholesaler you gotta bring a real deal to the table not a house that already exists on a network that everybody looks at..MLS Wholesalers that do what you do have absolutely no credibility in the industry and they don't survive. Stick to driving for dollars, SEO, probate...etc... Bring a real deal to the table and you will have great relationships with buyers.