Hi new here! Looking to learn more on real estate investing 👋😄

[Phoenix Mao]

Hi, I'm new here. Looking to learn more on real estate investing. If anyone has great tips on how to find good deals, what to pay attention to during purchase etc., would love to hear from you!

[Phoenix Mao]

Quote from @Melissa Justice:

@Phoenix Mao,

Welcome! Great to have you here - getting started is often the hardest (and most exciting) part.

Here are some beginner-friendly tips to help you find good deals and know what to watch for during a purchase:

How to Find Good Deals --
Work with investor-friendly agents or a turnkey provider company in cash-flowing markets (many off-market deals come from relationships).
Target secondary and tertiary markets like Akron & Canton, OH, Ocala, FL, or San Antonio, TX - lower prices, solid rents.

Use deal-finding tools like:
Realtor.com with filters for multi-family or SFR
Propstream or BatchLeads for distressed or pre-foreclosure lists
Join local Facebook groups & BiggerPockets forums for wholesalers and pocket listings
Make lots of offers – the more you analyze and submit, the faster you learn what a “deal” looks like.

What to Pay Attention to During a Purchase
Buy based on numbers, not emotion:
Aim for cash-on-cash return of minimum 2%-3% in most cases

Inspect EVERYTHING:
Foundation, roof, plumbing, electrical, HVAC - unexpected repairs kill cash flow.

Know the neighborhood:
Check crime data, school ratings, and rent comps.
Is it landlord-friendly (check state/local laws)?

Line up a strong team:
Property manager, lender, etc

If you want a few sample markets or deal breakdowns to study, I’m happy to share them. Keep going - the first step is learning and asking questions just like this. You're on the right path!

Best of luck!

 Thanks, Melissa! You are so helpful!! ❤️🎯