Want to know what I think is a terrible idea for MLS listings?
Lowballing every deal you see.
As far as I’m concerned, it’s a really bad strategy.
Could you get a deal by doing that? Sure. But you're going to end up wasting a lot of people's time—both yours and the agents and the sellers—and you're going to annoy a LOT of people. Then your reputation and credibility suffer.
So, I want to explain what I look for on the MLS to figure out which properties I make offers on.
Mucho Motivation
Just like with any property you’re looking to wholesale, I’m searching for motivation.
If I don’t see some type of motivation, I'm not going to make an offer.
So, I check out some MLS listings on Zillow to get lots of helpful info.
The #1 thing that I look for that tells me if the seller might be motivated is this: The list price is already below market value.
If there's a property on the market and it’s listed at full list price based on comps in the area,…
Steph Davis
started wholesaling in October of 2006. At the time, she had been stuck at a job bartending for the past 10+ years. She was broke and miserable, and desperately wanted out of the bar scene, which I had been stuck in for the last 10+ years.
She ended up closing four wholesale deals by the end of 2006.
Since then, she's closed more deals than she can count, has written two best selling wholesaling courses (Flip This REO and The Cash Buyer Ninja) and continues to teach others how to wholesale with videos, interviews, and as much useful information as she possibly can, because she knows what it’s like to be a broke beginner, struggling to get that first deal.