Cody Sperber’s #1 Way To Find Deals On The MLS

Finding Hidden Gems On The MLS Is Easier Than You Think!

Cody Sperber's MLS HackHey Cody Sperber the Clever Investor here and in today’s real estate investing blog post I wanted to share the #1 way I use to find profitable deals off the MLS (I call this my MLS Hack).  Now I am not talking about having your agent make offers on bank owned, HUD, or short sale listings....ohhhhh no, I am talking about a ninja way to uncover HUGELY profitable deals that other investors skip right over!  Intrigued?  You should be because right now there is a shortage of inventory and unclever investors are fighting over what little deals they can find.  But not you...not after you read this!

Now, as a new investor one of the first Power Team members you should recruit is an investor friendly real estate agent (unless you are licensed yourself).  Focus on building rapport with them by showing them HOW you can benefit them and in exchange you will need them to do the following for you:

Set Up A Custom Search To Notify You Of The Best Listings

The MLS is simply a giant database of active, pending, and sold listings that constantly changes.  Have your agent set up a custom search that notifies you whenever a certain action occurs on the MLS.  That “action” can be a new listing within your target area and target price range, a listing that changes from “Pending” back to “Active”, listings with high Days On Market (DOM), or listings with one of the following “keywords” within the “public remarks” and/or the “realtor remarks” section.

MLS Investor Search Terms

Remember to have your agent set up your notifications to be “immediate” if one of your search criteria is met.  And lastly make sure they set it up using “contains” and not just “starts with”.  This will ensure you get to look at any listings that have any of your keywords in the description areas.

And once you do find a deal that looks like it could be a winner simply have your agent call the listing agent and begin building rapport (and eventually make an offer).  The key is to aggravate the sellers housing pain and remind them that you are a cash buyer that is interested in helping them out (for the right price)!

Hope this helps you get more deals and make more money as a real estate investor.

Until next time,

Cody Sperber Real Estate Investor








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Comments (15)

  • Jessica Sala-Bonin

    Great post!!

    Reply

  • private equity funds real estate

    Very nice post. I just stumbled upon your blog and wished to say that I’ve really
    enjoyed browsing your blog posts. After all I’ll be subscribing too your rss
    feed and I hope you write again soon!

    Reply

  • Jeff Poplawski

    I have a broker working with me to send me updates almost daily. I will forward your advice to help with the updates. thanks

    Reply

  • Jerome

    I’m currently marketing online to investor-friendly real estate agents in my area(Chicago) and one asked me for a proof of funds letter. How does a newbie investor like myself with no money to invest in anymore training or even marketing get one of these letters at no cost?

    Reply

    • Bill

      There are many ways to get a FREE POF letter, however you are working with the wrong Agent if they ask you for that upfront! The goal is to find an investor friendly real estate agent to help you out!

      Reply

  • frantz t.

    Fantastic post. Keept them
    Coming baby.

    Reply

  • Nova

    Thank you Corey! Great post!

    Reply

  • Keith

    Thanks Cody, that is a excellent tip!

    Reply

  • Roxann T.

    I appreciate all of the priceless information you share. It’s been a great help. Thx!

    Reply

  • Clarence

    Knowledgeable,Best Regards, C.T.

    Reply

  • Debra

    Sounds good but how am I going to get rid of the house?

    Reply

    • Cody

      You could wholesale it to a cash buyer or find some private money and take it down then decide if you want to fix-n-flip it or keep it as a rental!

      Reply

  • Rahiem

    still learning your thing are great.not stop

    Reply

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