What makes a good deal? Alli Parkinson
The most important factor is price. You have to know the right price to pay for a property to make sure that the deal will be profitable for you. That means you'll also need to know your rehab budget, and how much the After Repair Value (ARV) will be once the rehab is complete. The Advanced Deal Analysis (ADA) is great for helping you crunch those numbers!
You'll want to make sure the property is in a good location. Determining where to look for properties first and then finding a specific property second will help you take advantage of good neighborhoods and/or local markets!
You'll also want to make sure to avoid risk factors that could prevent your deal from moving forward or could increase costs to the point the deal is no longer profitable.
Check out our YouTube videos: What Makes a Good Deal?, How to Analyze a Real Estate Deal in Less Than 20 Minutes
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