How do I know if it's a good deal?

[Mohsin Hirani]

So a seller contacted me today and he wanted to sell his house in the forth worth area. Now I am not sure how to recognize a good deal. Where do I obtain comps and how to I go about calculating the numbers for my offer? My goal is to wholesale this property. (Note that the house is in almost perfect condition because the seller put some remolding work into the home; therefore would any other investor be interested in buying it?) Any advice would be great.

[Jon Sanborn]

BP actually has calculators that help analyze deals, whether you're trying to buy and hold, wholesale, or flip. I believe they are under the Tools tab, or something like that (sorry I'm on my phone so I can't check). Just plug in the numbers and the formula will create a few charts and graphs that will help you analyze your deal. Best of luck!