MLS Worth The Money
I have owned a rental property for a number of years. I now have the time to be more involved in REI and have spent numerous hours on this website and reading as much as I can without going into overload. The more I read the more possibilities I see, but as yet I haven't determined what direction I want to go (buy/sell or long term rentals or both) and how to accomplish either (sub-to, foreclosure sales at the courthouse, pre-foreclosures ...) As I said, so much to learn and so many possibilities.
Now to my question. I have had access to the MLS through my son who has his real estate license. He has become less enthusiastic recently and is going to let the MLS subscription expire. Is it worth the money for me to pay for the renewal?
Tampacathy,
If YOU are going to be active and have FULL use of All MLS Listings in TampaBayArea...I say GoForIt!!!
Wish I had it....
....as always,
GoodInvesting, Rocky
Hi TampaKathy,
Iam also in the Tampa Bay Area and sometimes feel the need for checking the MLS.
You can even charge a small fee for an investor if you are going to acess the MLS for them..
Some of the best deals I have found have come through the expired MLS lists. I agree with everyone else definitely worth the money.
Kyle
As an active Real Estate Broker in the Southern California Area, I find it a necessary tool. I also have Retran which of course gives me all the NOD and Trustee Sales. I also have Data Track which I utilize a great deal and, here it comes I am also hooked into a Title company which I can call and they will download to me any Trust Deed, Lien or Notice of Default, etc. etc. so I can inspect a copy of the documents prior to setting up transaction.
If you are going to be a winner then equip yourself with all the tools of the trade. Learn how to search Court Records for Probate and Conservatorship. And oh yes, check out the Public Administrators Office for all those properties whose owners neglected to execute a proper will.
An army may travel on its stomach but the battles are won by they who have the most intelligence information. Sun Tzu.. I have only listed a few there are many other sources. Mostly covert. Cheers Lucius
I would advise your son to reavaluate his situation. It would be beneficial to everyone if he kept his mls active, charge prospective principals an hourly rate to research for investrment properties. That's a way for him to make a separate income, plus if he finds the property and closes, he'll be compensated with a standard commission.
But cathy, for your son to let you have his mls id and password to begin with is against mls policies in most areas. Just don't talk too loud about what you're doing <IMG SRC="images/forum/smilies/icon_biggrin.gif">
Good luck with that...
MT
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Michael T.<br>
Fla. Agent/Investor[ Edited by MikeT1013 on Date 09/15/2003 ]
If you got the access go for it!!!!!!
keep it
Florida MLS is for Realtor Board members only (in FLorida).
Some of my investors think having a license hinders them (Need to disclose)
I am a ****Must Reach Senior Investor status before posting URL's***vestor and believe full disclosure is good anyway and I like having access to MLS as well as other listing sites.
[addsig]