Websites and Research Tools

[Michael Peralta]

Hi BP Community,

I am eager to get involve in the process of purchasing real estate, however, as a newbie I want to ensure my first deal is a favorable one. Unlike most, my financial situation only allows me to have one shot at this so my 1st purchase will be the most important. A bad deal could set me back a couple years.

Therefore, are there any websites you recommend to conduct my proper due diligence? Before investing I want to analyze the following: 

• Identifying a Town/Neighborhood to Invest In
• Identifying a Reputable Real Estate Agents
• Housing Trends in the Area 
• Quickly analyzing a Deal
• Average Rents in the Area

[Greg Dickerson]

@Michael Peralta I would not advise you to invest your cash if one deal will impact you that much. You should never invest more than you can afford to lose. 

The best thing for you to do right now is thoroughly educate yourself on the business. If you know what you're doing you can raise capital from others to do deals. You can also target owner financed deals to help you get started as well.

You can find local REI meetups or networking groups and start attending. There is a lot of free info out there for you to take advantage of.