Buy the right piece of real estate at the right price. Learn how to run the numbers on any property and know if you've got a deal.
Your success in real estate is not going to come from having lots of experience, credibility, cash, or even good people skills. It comes from knowing how to buy the right piece of real estate at the right price. So before you buy your first (or next) investment property, you need to understand precisely: how much to buy the property for, how much to sell the property for, and how much profit you're going to make as a result. When you know these numbers, it makes real estate investing a lot less risky. This course explains how to run the numbers on any property and know if you've got a deal. Learn how to analyze a lead on your phone, on your desktop, or in person; calculate the after-repair value; conduct more research via the MLS; look for market anomalies; and prepare to view homes in person and make smart deals.
This course was created by WealthFit. We are pleased to host this content in our library.
Analyzing a real estate deal
1. Three Steps in Analyzing a Lead
2. The After-Repair Value
Using Zillow to help find the after-repair value
Zestimating the value of the home you are looking at
3. The MLS
Pulling actionable information with MLS
MLS can help you find properties
Moving from Zillow to MLS in your property search
Understanding the value in homes from different listings
4. Look for Anomalies
Looking for anomalies in the market
5. Desktop Analysis
Desktop analysis is where you begin your research
Looking for inconsistencies between the property card and what the seller has told you