All Forum Posts by: Kaleb Adam Barlow
Kaleb Adam Barlow has started 1 posts and replied 3 times.
Post: Is this home a good value?
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Originally posted by @Jacob Sampson:
Zillow is crap. Also, it is hard to analyze a buy and hold without knowing what it will rent for. It it would rent for $400/month it is not a good deal as a buy and hold. If it will rent for $4000/month then it is a great deal as a buy and hold. But back to my first point, Zillow is crap. Don't make any investing decisions off of Zillow info. You need local information. I would contact a realtor in that area. It is unlikely that you have found a property for sale for 45% of what it is worth, especially in this sellers market.
Hi Jacob,
I appreciate the info! What sites would you recommend as a starting point when looking for rental properties?
Post: Is this home a good value?
- Posts 3
- Votes 0
Originally posted by @Eli Schwartz:
Hi @Kaleb Adam Barlow Welcome to BP and to real estate investing.
I would never trust any of Zillow's numbers. You should check with a local agent what it could rents for, what the ARV is etc.
Best of luck
Thank you for the information, I'll look into that!
Post: Is this home a good value?
- Posts 3
- Votes 0
Hi Everyone!
I am a new investor trying to get my feet wet in real estate and I am trying to learn how to analyze rental properties. I found this home on Zillow listed at $93,000 in Orlando, Florida that I wanted to potentially rent out to tenants. It's a single-family home located right on a lake with 3 bedrooms, 2 bathrooms, and is 1,850 square feet. It is already in pretty good shape and I have calculated the financials and the cash flow it could potentially bring me. Zillow is giving its "Zestimate" at an average of around $209k for similar properties with the same specs. I am just wondering if I stumbled upon a great deal or if this isn't as accurate as I think it is? Any feedback would be much appreciated! I will link the property at the bottom of this post if any of the more experienced investors want to check it out for me.
Happy hunting!
Kaleb
https://www.zillow.com/homedetails/5458-Jean-Dr-Orlando-FL-32822/2081557803_zpid/