what to look for on craigslist/zillow for good wholesale property

[Thomas Poloncarz Jr]

Im just getting started and im having trouble with what to look for on craigslis/zillow FSBO's add , and how to determine if a property is potentially a good property for a wholesale deal, whether it be for an end buyer's fix n flip or rental. im trying to develop a system that i can use to quickly locate these potential properties and evaluate them correctly. and not waste time evaluating a property thats not a good deal.

Also i need a little help with doing comps for those properties and looking them up and understanding if they are comps i should use for the potential deal property.

any help would be great. 

[Eddie Egelston]

You basically just asked "how do I real estate"? haha

In my market- could be different in yours -Craigslist and Zillow are the wrong places to look for FSBO deals. FSBOs are the wrong place to look for deals, period. Here, Craigslist is nothing but wholesalers advertising their "deals" and Zillow is nothing but FSBOs dreaming of getting an extra $50k above market.

All FSBOs are "off-market" but not all "off-market" are FSBOs. You gotta find the "off-market" stuff that isn't FSBO. You gotta find people before they even realize they need to sell. After that point they have already called a Realtor.

Zillow is a pretty good tool for looking up sold comps. A good thing to note is how are properties selling versus their Zestimate. If  every other 4 bedroom in your neighborhood has sold for $20,000 above Zestimate, what do you think your 4 bedroom is worth? Probably $20,000 above your Zestimate. The Zestimate itself is trash, but when you compare it to reality, it can be a good guide.