How Do I know if it's a Good Deal

[Denayer Burns]

Hello BP,

Okay so I'm new to this, I'm talking novice new. I'm looking to get into buy and flip properties, but eventually get into buy and hold. One thing I keep hearing over and over again is, you gotta make sure it's a good deal, the numbers have to make sense. To someone's who totally new to real estate, that's confusing. How do I know it's a good deal? I certainly don't want to get into a bad deal and not be able to move the property.

Any advise?

[Chris Vail]

@Denayer Burns 

I would make your way over to the "Learn" section of the site lots of great resources there. Start with the Ultimate Beginers Guide which gives you a very good overall picture.  There are so many different roads you can take in real estate investing that there isnt just one answer to your question but the closest generic answer I can think of is the following...  A good deal is where the actual performance of an asset meets your expectations of profitablitiy when you went in to the deal.