Hi, I'm new to real estate investing and wanted to see what you have used to be successful in finding deals in this environment. I've been using Zillow and Realtor to find deals but a lot of the those property shows a negative income and don't become favorable until you offer 1/8 of the asking price.
I think you are either way over estimating expenses, using too much leverage, or have unrealistic expectations for the market if you think the property needs to be sold at 12.5% of the listed price to have "favorable" cash flow.
Thank you for your response. I appreciate it. I think that I might be overestimating the expenses. I'm adding in inflation, vacancy, repairs, annual growth, annual expense, and sales expense into the my calculation. Should I forgo these expense?