Analysis Paralysis

2 Replies

I'm going to be honest and share with you all that I am afraid to market myself for potential wholesale deals. I have listened to the podcasts and read enough material to understand the anatomy of a wholesale deal but I'm hesitant on one thing....

How do you evaluate a property to see if it's a deal or not? What cost/property details do you analyze? Any recommendations on a legitimate wholesale calculator?

I don't want to loose money on my first wholesale deal and that's what is keeping me from jumping in. Anyone feel the same way?

To evaluate whether a property is a good deal, you can use some general rules of thumb. The three main general rules of thumb emphasized here at BiggerPockets are the 2% rule, 50% rule, and 70% rule. You can search them up for more details on what they mean. Of course, due diligence and in-depth research will still have to be done - the general rules of thumb are only meant to save time in sorting through the countless numbers of deals you look at. If a deal satisfies general rules of thumb, it means you may have a good potential worth looking more closely at.

@Joshua Chen thank you for the info, that'll be a good starting point for me.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here