Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted over 8 years ago

What Is A Good Real Estate Deal? - Hard Money Bankers

A good deal is something every investor should be able to spot easily, right? The truth is, most investors are not able to spot a good deal. I have several clients that I work with that have a sense for good deals and always seem to be onto the ones that are good. I have others that 50% of the time bring a good deal and 50% of the time they don't. A good deal has several characteristics when trying to find it. I notice that when I open up my local MLS system and put in the intended deal address, it has to jump off the page at me. A deal is usually very clear and doesn't take a lot of time to look at it. You will find that within a very tight geographic range the address you are looking at should be at a steep discount compared to very strong comparable sales right near it. An ideal situation would be have the subject property on the block with 4 other comps all fully renovated, sold fast and no board ups. If I am spending too much time thinking about the value of a property, it is a sign that it is not clear and that I should be cautious. Learn to spot very clear deals and you will develop an eye for knowing when you have something good.

Ian Walsh

215.839.3271

[email protected]

Google+

Link To Vide


Comments