New and need advice on this one : D

[Mark Libario]

Hello guys, Im pretty new to Real estate and a new member here for about 2 days. I introduced myself already in the new members forum :) Alittle but if myself again, Im 25yo all the way from Canada, QC (Montreal). Im a Finance major and Ive been interested in Real Estate for quite a while but never knew where to start until I found BP. I have bought and read the book by J Scott on flipping houses since I want to start with this. Ive read other books too and guide and this time I want to apply my knowledge. I don't want to have that Analysis paralysis phase. I have a few questions regarding yhe property Im looking: 1. The house is listed at $149,800. Lot size of 9,000 sq.ft. Duplex with 3 rooms and 1 bath. Parking lot for 3, finished basement of 6ft deep. I havent visited the place yet which is what Im planning to do since it doesnt show any interior photos. On the detailed listing of the agent, it is also mentioned that for 2016, it has a municipal evaluation of 269,500$ Lot: $132,800 Building: $136,700 Does the municipal evaluation tell you a good ballpark of the house's ARV? If thats the case, does that mean that it's a good deal listed way below. Or there's something else? Thank you guys!