Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

172
Posts
46
Votes
Kumar Tummalapalli
  • Real Estate Investor
  • Chicago, IL
46
Votes |
172
Posts

Rules of thumb / Heuristics to know if it's a truly true "Deal"

Kumar Tummalapalli
  • Real Estate Investor
  • Chicago, IL
Posted

What uncommon "rules of thumb" / heuristics do you use to decide if it's a real "deal " ?  

The ones I use : ( these are not uncommon though :-) )

1. AVM like zillow / realtor and so on

2. Tax Assessed Value ( know the equalization factor for your county ) - and when was this assessed ?

3. A very similar comp on the same street or of it's a condo ( Full comp analysis is always there but that's more time taking and sometimes with the same comps - diff analysts arrive at diff prices)

4. Keywords from description such as "investor special" and so on 

Loading replies...