Finding A Good Investment Property

[Murray Reginald]

Hi BP,

Just curious if anyone is finding a good deal on SFH rental properties (i.e. Cashflow, ROI), if so where are you searching? I am currently searching on HAR but no luck yet, I do realize it's a tough market to find good deals but I am not really seeing anything that comes close to the 2% investing rule, I am seeing tons of 1 % or less. I'm looking forward to the price/rate drop whenever that is, because this should help with a better cashflow. Can anyone please share some suggestions as to me finding a 2% deal or even close to the 2% investment rule? I love to here your input!!!

[Edward Adams]

Finding a good deal on single-family rental properties can be challenging in today's competitive real estate market. Here are a few suggestions on where to search for potential investment properties:

1. Multiple Listing Service (MLS): MLS is a database that real estate agents use to list properties for sale. You can search for properties in your desired location and filter by price, size, and other criteria.

2. Real estate websites: Websites like Zillow, Redfin, and Realtor.com can also be useful for searching for properties. They allow you to set up alerts for new listings in your desired area and provide estimated rental income and expenses for each property.

3. Foreclosure auctions: Foreclosure auctions can be a good way to find properties at a discount. Check with your local county clerk's office for information on upcoming auctions.

4. Off-market properties: Some properties may not be listed on the MLS or real estate websites. Consider networking with other investors, wholesalers, and real estate agents in your area to find off-market properties.

Keep in mind that finding a property that meets the 2% rule can be difficult in today's market. You may need to adjust your investment criteria or look in different areas to find a property that meets your needs. Additionally, focusing on value-add opportunities, such as properties with deferred maintenance or that are under-rented, can help you increase your cash flow and return on investment.