What are considered “good” deals

[Bella Gilbert]

As i’m browsing through and reading the different topics. I keep seeing PROS mention if the deal is “good” enough, new wholesalers should have no problem with getting good cash buyers on their lists.

What exactly is a “good deal”? Obviously it has to be fair for the seller, and reasonable for the buyer. But what components makes a deal “good”.

[Pete Barrow]

You will need to do a lot of reading to get an understanding of this topic. Basically it means that the amount of rent you will get is worthwhile compared to what you spend. 

One very crude measurement is the "1% Rule". If the monthly rent is at least 1% of the price of the house, it's worth considering. Say, a $50,000 house that rents for >$500. 

Of course there's a lot more to it. For me, a junked-up house that I can get cheap and rehab is ideal. For someone else, a fully-rehabbed house that costs more but is ready to rent, is better. 

The main thing you need to know about good deals, is that there don't seem to be any right now.