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Updated over 7 years ago on . Most recent reply
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Where to find best opportunities to buy in my area!
I'm still new to learning everything, and this may have already been answered. Where can I find in my area (Southern California) where the best neighborhoods to buy are? Also, how or where can I analyze the cost of the property, how much I would need to put into the property, potential rent and or comps in the area to determine if this is a good deal? I understand for comps I would need to understand the neighborhood and the homes that have been sold or how much properties are renting for.
Any insight where to start with this is greatly appreciated!
Most Popular Reply
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Use redfin to find homes for sale/sold. It's got faster and more accurate data than the others.
use hot pads,craigslist, rentometer, truila,zillow to get an idea of what rent would be. Word of caution no way to know what things actually rent for with most of these... it's just to give you a rough idea. If you want a better case of what something rents for... look up property management companies and use their listing to get a "more" accurate idea.
Financing is typically going to be 20 (best case)- 30% (worst case) of purchase price.