How to estimate correctly a property

[Isaac Geller]

Hi all,

I am a newbie, learned a lot the last few months and I feel ready for my first deal. However I have a pretty basic question but even though I read a couple of books, I still don't have a clear answer.

The basic rule of REI is make the profit when you buy. Mostly investros look for a property that need rehab or buying from a motivated seller. When you ask an agent for such deals they will call you and say that the got you a hot deal and the price is lower than market value

My question is how to verify the agent's information. How can I do the analysis of evaluating how much a property really worth, and be confident that I actually made money on the buy. What are the tools the pros are using? Without asnwering this question I cannot make a deal, so I need to know how to do it, and preferly do it easily and fast.

Looking forward reading your answers, and thanks for helping!