I am a newbie in the real estate area and want to ask where to find a potential house for sale information. I only use Zillow but want to ask is a more comprehensive listing that I can access (for example, which is the preferred source for foreclosure homes).
Also, I want to ask how to estimate the rent for deal analysis. I know that Zillow sometimes has estimates and BiggerPockets has an estimation tool. Other than that, do you know what other tool I can use? Thanks.
go look in person. walk the streets, order coffee in the coffee shops, talk to the agents, go to the REIA meetings, call the contractors, meet with the property managers.
Use the tool between your ears. The computer algorithms provided by Zillow, Rentometer, and others are good for reviewing a general market, but you shouldn't rely on them to evaluate a specific house. Computers can calculate square footage, number of beds/baths, and other objective criteria, but they can't measure the subjective things like curb appeal, flow of the floorplan, view out the living room window, or the grating irritation of four barking dogs in the neighbor's back yard.
Learn to study the market and how to evaluate properties on your own. It can take some effort starting out, but you'll soon gain enough knowledge that it can be done quickly.
Use the tool between your ears. The computer algorithms provided by Zillow, Rentometer, and others are good for reviewing a general market, but you shouldn't rely on them to evaluate a specific house. Computers can calculate square footage, number of beds/baths, and other objective criteria, but they can't measure the subjective things like curb appeal, flow of the floorplan, view out the living room window, or the grating irritation of four barking dogs in the neighbor's back yard.
Learn to study the market and how to evaluate properties on your own. It can take some effort starting out, but you'll soon gain enough knowledge that it can be done quickly.
go look in person. walk the streets, order coffee in the coffee shops, talk to the agents, go to the REIA meetings, call the contractors, meet with the property managers.
Work with a Realtor, and they should be able to find that information. Or look on the county websites to find additional information about a property. Rentometer is another great tool to estimate rents.