Whats really considered a good deal?

[Jake Svirsky]

When buying a house that you think has more value than what it's selling for, how much % cheaper is ideal for rentals?

[John Underwood]

I like to get a wholesale price if possible and still meet or preferably beet the 2% rule.

I just bought a house inside my ROTH IRA for 12k. I'll put about 35k into it to make it like new. I'll have a house that I have 50K in that is worth around 130K that will rent for 1k a month. That is a no-brainer. I don't have to pull out a calculator to know this is a good deal.

Most of the stuff I buy doesn't require a calculator to absolutely know I have a good deal.

I hang onto cash for these opportunities and move quick when an opportunity presents itself.

I have closed on a house same day I found it because people where literally 24 hours away from losing it.