Zillow estimates?

[Joseph Daugert]

Don't know much about anything in this field. I do know some of the basics about screening tenants and finding lease formulation help but I don't know if or when I may get started.

I'm 59 years old, disabled, and living on social security. I do have money saved and money that is willed to me. Enough to buy and renovate 2 or 3 houses in the older cheaper neighborhoods in the Saint Louis area. I'm trying to keep some houses on a list to get going when the time comes. Are the Zillow rent estimates worth any consideration or are they just pie in the sky guesses?

 I couldn't decide whether to post this in the beginner section or the buying real estate section but I do need the info in regards to decisions on purchases, so here it is.

Thank you.

Joe

[Cal C.]

You are going to get some zillow hate in other comments, but I've found it fairly reliable in a larger market and unreliable in another much smaller market.   I'd check Craigslist, rentometer, realtor.com and any other site that comes up when you google this subject.  If zillow proves fairly accurate then I'd rely upon it because if you can rely on it, it makes life much easier.