Yesterday, I posted about 5 tips for new investors and multiple comments were to go more in-depth so I will start with my first tip, Every Market has deals.I will give a few examples:In 2023, I bought four Mobile Home Parks.

Value the land first.  

I will be closing on my first duplex at the end of this month. 

A real estate agent will have access to the multiple listing service (MLS), which gives you a list of low-cost properties, such as foreclosures and short sales.Find your target marketTo find a potential house to flip, one of your first moves is to find your target market.

Specifically, I am looking to track the projected rehab cost of each unit, cash flow from rented units, first lien costs, general partners and limited partner returns.

It’s my first time buying a commercial property and I’m still in escrow. 

I just bought my first investment property near Scranton. it was a pretty good deal compared to the prices I normally see in jersey.

What's the prevailing cap rate for similar assets/same class in the area where it's located?

Grow your portfolio a little longer first.

I was confused by how this could work when we first bought them, but I understand it now and they DO work!