Confused on how to find deals

[Scott E.]

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!

[Sharad M.]

Mike has given has great advice in his reply.one thing I will add is that you sound very eager to jump into real estate investing. Don't get too eager and end up buying a property that doesn't meet all your checks. Buying no property is better than buying a property that loses money.

Good luck.