Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago, 12/04/2022

User Stats

18
Posts
4
Votes
Joseph DiBernardo
  • Investor
  • Long Island, NY
4
Votes |
18
Posts

Sourcing Deals & the 2% rule

Joseph DiBernardo
  • Investor
  • Long Island, NY
Posted

Hello - I am a newcomer to this page and am looking to buy my first real estate investment. I have two questions:

1-Where is the best place to source deals on my own? I can't help but think Zillow is not the best place.

2-I see the 2% rule everywhere , but seems to me it's nearly impossible to find a 2% property unless your are purchasing well below market value. Are there any of "rules of thumb" I should be considering? Or throw this out all together? 

I'm seeking relatively turnkey single or multi family units . Hence my question above , as I'm not looking to do much Rehab to start. 

Any insight would be greatly appreciated! Thank you!

Loading replies...