Wilson Counselor Consultants

How to Evaluate A Real Estate Deal – (for single family houses)

There are just a few main elements when you’re evaluating a deal.

Cost of repairs needed to get it back up to good condition
The after repair market value of the property (what it’s worth and can sell for today once it’s fixed up.

If you’re going to buy and hold for a rental… you need to know what you can rent it out for and what your (mortgage payment) will be. Knowing this, makes sure you’re buying so the property cash-flows each month. There are other things you can (and should) look at too…. but those 3 are the main important things to look at first.