Nathan Payne explains why searching the MLS first is bad advice in unfamiliar markets. In Alaska, there's almost no fix-and-flip market and inventory is so low that any contract sells fast. Instead, learn what local buyers actually want, then find modestly discounted homes that match that demand.
I love Jerry Norton. I love Pace, all those guys. But they did a YouTube video and they said, if you got dropped off in Alaska, Jerry Pace asked Jerry, what's the first thing you would do? And Jerry said, I would go on the MLS and start looking for deals, right? So I was like, I disagree. I wouldn't do that. First thing I would do is I'd find out what people are buying in Alaska. Yeah, because what if you go on the MLS, start making tons of calls, finally get something after a week or two, and then you find out no one buys that in that area, right? So I actually did this on my live. I called agents in Alaska before, and I got a hold of a lady and she's like, she was like, there's no fix and flip market here. Anything that you get under contract in Anchorage moves. It doesn't have to be flipped because there's really low, low inventory. If you go there with the mentality of like, I got to find a really distressed house, you're going to be calling forever in Anchorage. But now I know, okay, I just need to find something that's somewhat discounted, that's desirable in this area from talking to her, and it's a deal. So I saved all that time by just knowing what people buy out there.
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