It’s always a good idea to keep your eyes peeled for discounted homes for sale. These gems can hide in plain sight, so research and be patient. Three ways to find these deals include using the MLS, working with wholesalers, and going straight to the seller.
MLS is a giant online list of houses that realtors are selling.
A cool trick is to set up alerts on the MLS site. That way, you only see properties that might be good deals. Like ones selling for a lower price than usual. The second way is to work with wholesalers. These folks find good deals on houses and then sell those deals to other investors. The best part is that the wholesaler already did the hard work of finding and negotiating the price.
The third way is to find sellers and strike a deal with them directly. This way, you find homes that aren’t even on the MLS. However, it takes more time and money than the other two methods. Your best option depends on how much time and money you have. If you’re on a tight budget, then using the MLS or working with wholesalers might be a good option.
But if you have more time and money, go straight to the sellers yourself. And don’t forget to network. Talk to real estate agents, investors, and anyone who might have the inside scoop on good deals. You never know what opportunities might come your way through word of mouth.
