Updated almost 7 years ago on . Most recent reply
How to spot good deals bad deals
How do you analyze a deal? What are the key factors to pay attention to when working on a fix n flip deal and wholesale deals. Are there any guideline percentages to follow ? If that makes sense
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@Devonte Blackmon time and experience are super important. you need to raise your Real Estate IQ and get to know the market. There are no equations or calculations that can substitute getting out there and learning the market. I think two key factors are knowing what the ARV is or the after repair value. How can you buy anything without knowing what it will sell for. Also know what it will cost to Buy the property, Hold the property, repair budget for the property and finally sell the property.
Thats just the tip of the ice burgh but it will get you started.