Properties 40-60% under market value?

[Anthony Boston]

Recently I have seen alot of ads and people claiming to have properties that are 40%-60% under market value. I would like to know how these people are acquiring these properties and also are they assigning the contract in these properties or how does it work exactly. I am a newbie and I am just trying to gather as much knowledge as I can. This has been one thing i have been very curious about. I am in the Atlanta,Georgia market

[Engelo Rumora]

In my opinion the only way to genuinely know if a property is 40-60% under value is if there are recent comparable sales if similar homes showing higher sales price within close proximity of the prospect property.

Thanks