All Forum Posts by: Jorvon Smith

Scott,

Thanks! You are right. MLS is tough, so I'm now going back to the drawing board. What part of CA are you in and what are you doing, if I may ask.

Hi David,

Ok here is the deal with MHD... I have closed a couple of times on properties posted there, and they were legit FSBO's. It's funny b/c both times, I am fully convinced it was pure coincidence (or Devine blessing =-) ), as the moment I paid fro the 34.99 subscription, a lady from Santa Fe springs was selling her home, as her husband had just passed. Another deal, same thing renewd my subscription, went through the whole "bogus leads" and all, however I somehow stumbled onto another deal.

So in short, to answer your question, yes and yes. Yes they do have good deals, and yes it can be a place where bad deals are puched.

Hope this helps.

Blessings,

Jorvon

John,

Thx fort the insight. To answer your question,

I have been able to either one get to the homeowner directly (myhousedeals.com) has worked for me, or co-wholesale with others. Buyers are not my problem. As it pertains to MLS, I am not being out bid, it's that I can't find a realtor who will sub my offer with transactional funding. They see the letter and reject it as not serious.

Ok BP, seeing that the LA market or So.Cal for that matter is heavily saturated with wholesalers, bir dogs, and others. What strategies and systems are you using to find deals? I rencently turned to the MLS to search, however I can not get a REA to submit offers for me as my transactional funding, is not considered valid POF. I have active REAL buyers that will buy, and looking for various deals, REO's, Fix and flips, the problem is finding them. I have invested in software to help, with absentee owners, and other lead generating techniques, however I am finding it difficult to find anything. So again I turned to the MLS. So question:

1. Is the MLS a viable lead source? If so are there any "simultaneous close friendly" realtors out there??

2. If MLS is a solid source, then how are you all submitting offers? And closing on them??

3. If the MLS is a dead source, what do you suggest? My main strategy is wholesale.

Again, I have active REAL buyers in LA county, Orange County, and Riverside County, all legit, just need real deals to present. I know formulas and deal analysis, just need the goods 😁 

Any advice would be appreciated as I would like to close another deal before the end of summer, and 5 by the end of the year. 

Many thanks,

Jorvon

Psalms 37:23

Hello you all,

Thank you all for such viable information. Any further  information and/ or resources you can render would be greatly appreciated. Just trying to build my business. 

Thx!

Hey there BP,
Question, is anyone finding it difficult to find pocket listings in Los Angeles... I know that it is very competitive, however I am finding it extremely difficult to find real deals, and just about everything coming across my desk is a daisy chain.
If anyone has another strategy as to what's working please share.

Best regards and God Bless,
Jorvon
Psalms 37:23

Hey Bigger pockets team,
Anyone else finding it extremely difficult to find deals in SoCal? Any advice as to what some of you all are doing would be helpful. I haven't closed a deal since April, and we have money. Everything coming across my desk are deals where a lot of people 1 do not know how to access a property correctly or 2 "jack up" the numbers real highlike we are not going to take the time to look at it. Anyone have any good suggestions please advise. Trying making this a awesome summer.

Thx!
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Thank you Ewa,

I totally understand where you are coming from, especially as it pertains to other wholesalers. I am in the same boat, and like you I am looking to other areas. As of now my main focus is wholesailing , however I have access to cash to fix and flip myself however the must make sense because my funding source will require half of the resale as they are providing all cash. I have buyers that will literally buy anything as long the numbers makes sense, but as you know we get flooded with all kinds of stuff that waste time because no one really knows how to properly assess a property. 

Well let's stay connected and perhaps we can work together .

Hey Joshua,

Thanks for the input, I did  get your msg and I also sent you a email. Thx again.  I also will "beef up" the profile. 

Hello BP fam....

Anyone have any other marketing strategies as it pertains to finding Good Deals? I am finding it a bit tough to find good deals on a consistent basis. My last deal closed on 4/03/14 (Wholsesale deal). I have REAL buyers, but can not seem to pull in real deals, in LA market. The crazy part is I am getting bombarded with deals/leads from other places.
So again if anyone can render some solid advice as to how to get deals in Socal I really would appreciate it.

Best regards and God Bless,
Jorvon
Psalms 37:23