Measuring Foreclosure's Equity And In General

[Cody Evans]

Hi BP,

The scope of knowledge I think are essential for me to get my first deal is narrowing and thank you very much for contributing to that. 

Right now I am looking at houses in pre-foreclosure (and in general) and need to know how to calculate the equity of a house and at what point is there just not enough there to make a deal?

I am wholesaling to a local flipper and my house will be just outside the bay area so still expensive.

Thank you guys for all the help.