New to Real Estate · Oxnard, CA · Member since 2016 · 8 posts · 4 votes
Hello all!
I'm wondering if there are any reliable websites or books that can help me get a better understanding on how to properly "predict" (loosely used) an upswing or downswing of a market. I want to get into single-family unit rental units but before I go in I want to be as knowledgeable about the market and how it fluctuates as possible.
Also, any good websites to see what properties go for in a particular area. I heard Zillow is not that trustworthy and their numbers can be as much as 15-20% off the actual market price.
I can't say yet. I'm just starting out. But, I'm fortunate to have time with others who are more experienced. It's a tough time to be starting out, when the market it up. But, is also a great time to learn and get ready for the next dip in the market.
You can use Zillow to see what properties have sold for in an area. It's their Zestimates that are not too accurate, but their data on what has actually sold should give you what you're looking for. Personally, I prefer Redfin.
My wife and I are also located in Oxnard. Please let me know if there is anything that we can do for you.
Thanks for the advice Cornelius, I'm barely starting to plan my next steps on how to actually achieve my RE goals so I will definitely contact you once I graduate this year so we can talk RE.
I would highly recommend attending local meetups in your area & networking with others in the market. Investors enjoy talking to others about their markets, which will help you pull from their knowledge.
You can also have a realtor set up property alerts for you in areas of your choosing. This alert can contain back on market, price reduction, and new listed properties. In addition to sending you recent or newly sold properties.