How to find the "Real Deals"

[Ed L.]

I have been reading up on Wholesale Strategies and I am wanting to know how to find Deals and what is working.

I'm a Realtor so I have full access to 2 MLS. This has been my most active source of deals, but there is always a tremendous amount of competition when buying good REO listings. The real deals always go over asking price.

From reading on the board it seems that the MLS is regarded as a novice source of deals.

What are some good ways to find reals deals before there is a tremendous amount of competition???

I would be glad to work with a wholesaler in the area, but I don't know of any. There are people who claim to be selling deals but most are selling retail BS.

I'm basically asking how to find deals like a wholesaler. Most people asking wholesale questions are focused on finding buyers. That's not a issue for me.

I'm just wanting to know what is working for you guys and gals.

[Ned Carey]

Wow, there are tons of ways to find deals.

Vacant houses, probate, direct mail especially to non owner occupied or out of state owners, check Rent court for burnt out landlords. Call for rent ads for the same, Auctions, pre-foreclosure, tax sale, code violations, nominal transfers, Fire, bankruptcy, we buy houses adds in the paper, we buy houses signs, craig's list

How is that for a start?

You probably want to know which is best. I will quote William Tingle here "everything works somewhere, nothing works everywhere."