Calculating Wholesale deals

[Coblentz B.]

hi BP peeps, I have been and still am in the process of reading material before I begin to approach sellers with deals on their property...I have been following some forums as well..but I do have a quick question.

I want to start off with wholesale in order to build  cash flow for other strategies, however it is still unclear to me how would I know if I have a good deal...

Can someone explain to me how in researching properties do I determine whether or not I have a good deal for wholesale. For example say I found a property and I obtain information on its square footage say 1152sq ft with an estimated value of $125,856, a sale price of $63,000 and the amount in default as being $63,450. how would I determine if this is a good wholesale deal...please help..

thanks in advance