What is a good deal to you?

[Mary Jay]

I have known a guy who would buy SFR and hold them for few years then sell them for profit. And did really well.

So he would tell me that no matter what market is doing find a good deal and get it. He never really specified what was a good deal...

What is a good deal to you ?

For me,  I guess,  if a house is 50K and brings a rent of 1k per month, that is an excellent deal! If a house is 100K and brings in 1K in rent but all the mortgage, taxes are covered, it is an ok deal. If I lose money than its a worse deal, not necessarily a bad deal in the case if I am hoping to sell it later when it gets equity or market goes up.

What about you?