Everything looks like a deal???

[Logan House]

I have yet to actually move forward on any potential real estate deal because up until recently, I did not feel confident about my knowledge base or financials. Now I am ready to move forward and I have been making it a point to analyze a potential deal every day. I am using the MLS sites and local realtor sites coupled with rentometer and zillow rent estimates. Almost everything under about $150,000 makes the cash flow work, even with generous M&R set aside! I am not sure how this could even begin to be the case. I am in a suburb of Atlanta, so I have to be missing something, right?!

I am looking mostly at single family homes <150,000 south of Atlanta. I don't want to waste a realtors time pestering for ARVs and rent estimates! What could I possibly be missing or where can I go to proof my own estimates?

[Marc Brenner]

Hey @Logan House, you are likely over estimating income (rent rates) and/or underestimating costs (are you accounting for repairs, cap ex, insurance, vacancy, pm company?). You will be hard pressed to generate rents of $1500 in South Atlanta at a purchase price under $150k, so something is definitely off. How are you calculating rents and how are you calculating costs? Rentometer and Zillow can be misleading. If you provide an example, I'd be happy to analyze it for you.