Analyzing properties fast

[Josh Lyons]

When you’re trying to analyze many properties quickly, what do you do when there aren’t pictures or only one? Do you take the time to go see it? What’s a good strategy to deal with those? Thanks

[Ned Carey]

What kind of property? For what purpose flip, buy and hold etc.?

I regularly use the 1% rule for rentals. If the rent is not at least 1% of the price I simply do not consider it. (actually Now I use the 2% rule in my market)  Other than that I look at what is the price vs what the neighborhood is generally worth. 

I am not going to waste my valuable time going to look at a property unless I am pretty sure there could be a deal there. From a contrarian point of view, that means an aggressive new investor won't have to compete against me or a lot of other people, just because there is no picture.