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Updated almost 6 years ago,

User Stats

35
Posts
10
Votes
Mario Russo
  • Rental Property Investor
  • Minnetonka, MN
10
Votes |
35
Posts

What % of deals online (Zillow, Redfin, etc...) are good deals?

Mario Russo
  • Rental Property Investor
  • Minnetonka, MN
Posted

Hi BP Community,

I have a question for you all... My wife and I have been looking at and analyzing properties over the last several months, we are looking to acquire our first 2 unit rental property with the goal of producing enough passive income over the next several years to enable to us to become financially independent from our daily jobs. 

With that being said, what percentage of deals online are generally "good" deals as is?! I know that everybody has their own cap rates and ROI's that they look for, but I'm just curious to learn what other people's perspectives are on finding deals from Zillow, Redfin, Realtor, etc.. Generally speaking, are these websites a good route to go as we look to acquire our first property? I hear a lot of great things about off-market properties and am curious to know if that's a better route to go..?!

Can anyone elaborate more on both of these avenues and your own experience?

Thank you! 

Mario