Determining Purchase Price

[Raza Dhanji]

I am new PRO member at BP and a new investor. I get emails from wholesellers and realtors on list of properties that they have for sale that needs rehab. I am trying to find out how do you determine if the property is a good property? My intent is to rehab probably using the BRRRR strategy but I am hesitant to take that first step because I don't know how to determine/analyze which property is good. I am assuming the rehab and ARV prices are almost fixed so it all depends on purchase price. What would be the steps to determine at what price I should be buying? Thanks