I am new to BP so I jumped on Zillow, found a property and did a Rental Property calculator. All the numbers came back negative which basically means I would lose money. I tried another Zillow listing and it was the same thing. I guess Zillow is looking for market rate and for me to have some space in the deal to make room for improvements and my cost I would need to offer less than the Zillow price correct? Do most of you guys just ignore those numbers or use them to get a range for your offer? It feels like I will not come back with any deals that work if I stay within the range of the Zillow estimates. If my observation is correct how much do you chop off the zillow numbers? Do you have a standard amount or you base it on what you are willing to pay and shoot your shot?
