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Updated about 2 years ago on . Most recent reply

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!

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