If you're looking to invest in real estate in 2023, here are the top three things that you need to be doing right now to find a good deal.
Number one, you should get familiar with the process of assessing properties and understanding the math behind real estate transactions. At the end of the day, it'll come down to whether the numbers work for you or not. Number two, network with realtors who are active in your area. You can invite them out for a cup of coffee or maybe offer to buy them some lunch. Most realtors would be happy to have someone take them out for a meal in exchange for connecting with investors. The third and final step is to research comparable sales in your market.
Consult a local realtor, check Realtor.ca, House Sigma, or other platforms to see what properties have been selling for in your area. Knowing this will allow you to identify a good deal when you see it as it all comes down to buying something below what the market value suggests. If you found this information useful, be sure to follow me for more real estate advice. Take care.