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Real Estate: Navigating the Multiple Listing Service (MLS)

via LinkedIn Learning

Overview

Leverage the multiple listing service (MLS)—one of the most powerful tools for investing in real estate. Learn how to find the right agent, effectively assess properties, and more.

The multiple listing service (MLS) is one of the most powerful resources a real estate investor can have. This essential tool helps you drill down on your searches for motivated sellers with laser-like precision. Only licensed real estate agents have access to the MLS—but don’t worry! In this course, learn how you can easily gain access to this exclusive tool and how to use it to find profitable opportunities. Get an overview of what the MLS is and what it can do for your real estate investing endeavors. Review the key things to look for in a real estate field agent, as well as how to hone in on your search for the right properties. Plus, learn five essential steps you should take before viewing a property.This course was created by WealthFit. We are pleased to host this content in our library.

Syllabus

Introduction
  • What is covered in this course
  • What is MLS and how can you use it?
1. Agents in MLS
  • Successfully working with agents
  • Finding the right real estate field agent
  • Compensating your field agents
2. Searches in MLS
  • Identify criteria with regards to market, size, and location
  • How you can excel in your MLS searches
  • Search for REO properties
3. Before Property Viewing: A Five-Step Process
  • Filtering your buyer criteria to excel
  • Understanding the seller's situation
  • Determining property condition
  • Valuing the property before and after repairs (ARV)
  • Calculate deal numbers
4. Preparation for Next Steps in MLS
  • Perform a property walk-through
  • Excel against the competition
5. Future Offers
  • How you can make an offer
  • Writing a strong offer to excel
  • Understand offer requirements
  • Set goals to make offers
  • Following up with your offers
Conclusion
  • Your path forward

Taught by

WealthFit

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