Tim Bell finding properties 17
19 Mar 2024 · 1 min
1:01
Tim Bell says only 2-5% of MLS listings work for his property-investing approach. In a market of 2,000 properties at 2%, that's about 40 deals. He recommends sourcing beyond the MLS.
Tim Bell says only 2-5% of MLS listings work for his property-investing approach. In a market of 2,000 properties at 2%, that's about 40 deals. He recommends sourcing beyond the MLS.
Alright, there it is. The MLS, real estate agents. As it says here, only 2 to 5% will work for us because they have a full retail orientation. I had to include it in the list to make it a complete list. But you have to understand that it may not be the best source for you. It shouldn't be your only source. It can be a good source, but it's not the best source and it may not. It should not be your only source. Okay, you should start bringing some of these other methods in there because those other methods will typically provide more properties and better properties for you than the MLS will. That said, don't completely neglect the mls. Okay. You might want to look into it. There could be some good things on there for you. Again, 2 to 5% of the properties will work for us. If there's 2,000 properties in your marketplace and 2% will work, that's 400 properties that could be good for you. Sorry, 40 properties that could be good for you. So, yeah. So again, don't neglect it completely. Just don't count on it exclusively as your only method of finding properties.
