Real estate deals are easy to find. Good or great real estate deals are far more difficult to come by. When starting your journey as a real estate investor, it can be difficult (to say the least) to figure out whether or not a property is a deal or a dud. Do you look at comparable home prices? Do you look at comparable rents? What if the housing market is hot, does that mean that all the good deals are dead?
Arguably, not. Even in a crazy hot housing market like 2022, there are still good deals to be found. But, you’ll need to know what makes a good deal. In order to do so, real estate investing expert, Henry Washington, is here to share his four tips on understanding whether or not a deal is truly a deal. Henry has used all four of these examples in his own career (especially when starting out), which allowed him to establish the credibility and wealth he has today!
What’s your preferred way to vet a potential deal? Have any secret real estate deal analysis tools you like best? Let us know in the comments below!
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00:00 What Makes a Good Real Estate Deal?
00:40 You NEED Good Deals
02:00 1. Ask a Seasoned Investor
03:35 2. Ask the Pros
05:33 3. Look at Comps
0819 4. Know the Rules of Thumb
11:18 The Secret to Finding Experienced Investors