All Forum Posts by: Matthew Sullivan

Stephen thank you so much for that insight. One of the components I was missing is how to find cash buyers. Now it makes sense on how to find them. I will take a look later today at houses sold for cash and put in a spreadsheet of all the possible investors to reach out to. As an agent I have access to more information of the buyer which is definitely beneficial. Also do you feel buying a house to wholesale to a flipper is a wise choice? I spoke to one contractor that says he's looking for house to purchase either off me or anyone for around $200-$230k and hen have me sell it after he fixes it up. Benefit to me is as an a agent I can make 2% commission buying side hen wholesale make a spread on that plus if I sell house again with the contractor then unmake another 2% commission!

Hey everyone! Before I dive into asking questions; I just wanted to say how awesome this website and community is. There is so much information and great members on this site. 

So I just formed my LLC about a week ago and there are some houses I found on MLS that I feel if I put in an offer and get accepted I could wholesale the property to another investor ( flipper). I have some leverage to access some resources since I am a licensed Real Estate Agent in NY. I keep hearing and reading to find distressed properties and go after them. But doing that can be tedious and not as easy to spot in seom cases since some house look great outside but are just in shams on the inside. With this being said I've been told that if a property is on the MLS then it's not a good deal and that it would have been taken in 24 hours. Most of the houses I am looking into are REO or Short Sales on the MLS. I also took a look at property shark but it seems to be a better resource for NYS than for Long Island.

I am eager to find my first deal by the end of January 2017 and I have no problem making offers on properties with escape clauses put into the offer. What's your advice? Am I looking at this OK..what approach should I take to finding a good deal on MLS or just from driving around town?...

Share your experience or even your process..Looking for insight to gain momentum in my new endeavors...

Thanks everyone!