Need help in analyzing property

[Keyla Mcdaniels]

Hi I’m new to investing and I’ve been doing a lot of research. My question is on analyzing properties. What do I look for walking through a property to decide if I it’s a good deal or not? All responses are needed! 

[Account Closed]

First look at comparable sales in the last 3 months for that area. I use redfin sales data which is free. Try to get a house that has sold close by in the same general area or subdivision if you can and look at the state of the house (fixer, ok, immaculate, whatever grading scale you want to use). When you walk through, try to identify the work that needs to be done and add that to the asking price. If it's significantly lower than the comparable sales, then it is potentially a good deal.