Am I doing this right? Noob Investing

[Tyler Piciullo]

I'm looking on MLS and Zilllow for my first deal, seems as if everything is overpriced and rents make 0 sense.

How do you find good deals not needing crazy rehab?

[Dan Nutter]

@Tyler Piciullo

Welcome to 2022 (and 2019 and 2020 and 2021)! It's definitely not easy to find what one might call a "good deal." Home prices are through the roof and rents have not yet caught up. Depending on what your investing strategy is (flip, BRRRRRRRRRR, buy/hold, cash flow, appreciation, etc.) you'll have a different path to finding what you're looking for. It's definitely taking more creativity today to find a "good deal" than it was a few years back.

Personally, I'm not looking for cash flow in the first 24-months, which consequently allows me to make larger mistakes than the cash flow investors. 

I hear there are still deals to be had, it's just a matter of how much time/energy you have to devote to finding them. If you're hoping to spend 20 hours glossing through zillow to find a deal, it's not likely to happen. There's so much cash out there right now with too many people looking to buy assets as a way to combat inflation, so the competition is fierce. 

I'm sure you'll have better responses to your question than mine, sorry :P