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Updated about 14 years ago,
Confused on how to find deals
Hi,
I'm still very new but I am ready to start making some offers on properties to get my feet wet and get started in REI.
I have a pretty small amount of reserves myself, but have access to hard money if need be.
I spend hours every day searching on sites like realtor.com, craigslist, and other MLS style sites just looking at properties for sale around the valley where I live.
My issue is that I do not know how to identify a smokin deal when I see one. I look at what feels like hundreds of houses online every day. I drive by ones that seem to be ok deals. I have a realtor that can show me places that i really want to see..
Bottom line is I would like to find a property that is way under market value, could use some work, then move into it and start fixing it up while I decide my next step.
I have no experience at all with rehabing, so I could use some hands-on experience.
PLEASE HELP!! How do I find a good deal?! I am so eager to get started, but just don't want to make the wrong move! I'd live in a SFR, 4plex, condo, anything. I just want to get started!