Newbie - where to start researching deals
I am brand new to REI and should be ready to move on a first property, a multifamily rental property, in a couple of months. I would like to start researching what deals are available in my area, Birmingham Alabama area, so that I can get a general idea of numbers.
For duplexes, triplexes, and smaller apartment complexes should I just be looking on Zillow and Trulia and the like or are there certain sources specific to my area where I can see deals before they go on the market. I'm assuming that if I format my numbers according to those deals before they hit the market then I will have a better target price range for getting deals in the future.
Thank you very much for any input.
Most Popular Reply
@Adam Bradley those are good places to get a rough idea of what is on your market. there is also Craigslist if you don't have MLS access. if you have an agent you can ask them to set a criteria on their MLS and Everytime a house comes on the market that matches that criteria you will get an e mail alert sent to you directly from the MLS. Hope this gets you started.