Let’s face it. Who is the Multiple Listing Service really geared for? It ain’t investors. It’s for Mom, Dad and the kids. The vast amount of people who buy single-family homes want to live in them.
Not flip them.
Or rent them out.
Consequently, the listings on the MLS tell you the house is ‘gorgeous.’ Then it tells you the number of bedrooms and baths, the school district, the square footage of the rooms and what kind of appliances it has…
All of those details are important for investors to know as well. They want places they can turn into a retail buyer’s dream when they flip it. Or they want a place renter’s will fight over to live in.
So, what do investors really want to know? Two things:
- How much money they will make
- How little hassle they will have
The traditional MLS might tell you about the hassle part by mentioning the crime rates, the renovations done and what the homeowner…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.