Cash Flow Guys Podcast

Society, as it pertains to real estate investors, has lied to us. We have been suckered into believing that a property that is for sale can be “off-market” and therefore supposedly a “good deal” Let’s apply some good old fashioned logic to this. If more than one person in a given market knows that a property is for sale, it’s “On Market” regardless who controls the transaction An off-market property is not in any way, shape or form for sale. Example: A listing broker with a “pocket listing” has something for sale that is not listed on the MLS this is not an “off-market property” because its for sale.  It cannot be off-market and for sale at the same time. Example: A wholesaler who has an assignable contract between themselves and a seller who plans to assign their rights in the contract at closing does not have an off-market property because they are trying to sell their interest in a contract that will facilitate the sale of a property. Example: A wholesaler who has a PSA who intends to double close the tran