 Hey guys, Chris Burch here entrepreneur strategies Actually at the shop today Doing some cleaning doing some research and I just got an email that Kind of alerted me to I get these emails Daily almost at least a couple times a week of new deals Baltimore deals, which is Baltimore, Maryland is where I Heavily invest so we're one of my businesses is located But I get this email from a wholesaler They're a prominent wholesaler in the Maryland region. It's called market pro And I wanted to share you share with you today how I analyze a deal Without even going to the property because I need to make sure this is a deal that the numbers even make sense before I waste a whole lot of time So let me share my screen with you the There we go So this is the property It's on fall staff road. I'm not familiar with the exact neighborhood But they do have pictures So this is Baltimore and unit in a hot area all brick three-bedroom one and a half bath Unit is in clean condition And you can either rent as is or fix and flip they're asking 135 off-market right now. They're estimating renovations At 35,000 so they're after repair value the ARV. They're estimating at 215 and They're saying that units similar to this 1500 a month and they actually have some photos here of The property so let's look at them first and just kind of get an idea of the condition so we got Living area More living get some old carpet that would have to come out Obviously carpet on the stairs will come out Looks like a decent neighborhood Mostly do plexes and try plexes, but So I'm sure a lot of this junk would need to come out Can't tell if the flooring there they have these runners down. I can't tell I think that's carpet though And then obviously back here you have that old linoleum tile Yeah, so they do have that doesn't even look like it's ceramics probably linoleum Kind of like a living area, I guess you would call it All brick I like that It's an end unit. That's a plus. All right an end unit. So it's not it's only attached on one side look at that bathroom and Windows are not bad But yeah, it looks like a pretty decent quiet area I'm not familiar, but all right, so You know we do our numbers here at 135 right, so let's go and now this is a free way to do this. You don't need a whole lot of fancy software I'm gonna just copy the address out and then I'm gonna go on Zillow I use Zillow sometimes Redfin sometimes a Bunch of realtors will probably tell you that you know, it's not accurate But it is accurate if you're looking for comparables, right? So if you're looking at certain comparables Zillow's estimate is a hundred and seventy two thousand and they were saying 215 okay, I'm not mad at that but a free way to analyze your deals is In Zillow they have search criteria So if we go back to our property Which was on the map right here on fall staff and Gist So if we go back over to the actual map We're right here on the corner right this one right here. So To scan this neighborhood to get an accurate comp I'm not seeing I'm sorry, we need to switch it to sold and Hit done All right, there we go. That's what I was looking for All right, so on that immediate street. I'm seeing one Here sold for fifty four thousand two years ago So that's not gonna be a good comp All right. We got another one here On the same block three bedroom three bath and what was ours? It was a Three bedroom one and a half bath So this is not really a comp by having three bathrooms, but For basic square footage purposes, it's okay. So this one sold About a year ago a little over a year ago for 209. So that's getting a little bit better And then Without going too far out, I'm only a block or so over Yeah, I'm not seeing a whole lot. I mean I'm seeing one On the backside, but this is actually on a busier street. This is on Reister's town And that only sold for 113 So yeah, I really don't know about this one. I mean it doesn't appear You know if we look at the pictures, it doesn't appear like it needs a whole lot But I don't know if that too. What did they say? 215 I'm not so sure about that But you know, I just wanted to share with you guys that you know, there are so many different ways that you can Do real estate and not actually have to be running to the property and calling contractors There's a lot of different tools, especially that I use Zillows one. It's not always accurate, but let's use this deal for an example I'm obviously not gonna go jump in my Jeep and go driving up to the city to go look for it Using certain strategic tools will help you, you know Countless times over and over again Just because you're not wasting a lot of time Running here and running there you can go online look at cops as we saw there. There's one for like 50 There's one for 209 But at at that price and the repairs I think the repair estimate is pretty close around 30 because you're definitely gonna be doing some floors You're probably gonna be doing some appliances kitchen cabinets didn't didn't look actually do we do kitchen cabinets? If we saw kitchen Let's see. I don't think I saw Kitchen. Oh, yeah, there we go snip it of a kitchen old cheap Looks to be a electric stove Can't really they didn't really do a great job. So, you know, I mean For market countertop cabinets are fine. They need drawer pulls on the upper cabinets. Obviously they have them on the lowers Looks to be extremely Extremely small kitchen, but anyways Looking at it from this perspective, I mean, you're gonna be removing wallpaper that linoleum tile is not gonna work So I think they're estimate of 30 to 35,000 is probably pretty accurate Just not sure based on the comps we were seeing here on Zillow if this is actually Even gonna be a deal, but guys I just wanted to share that with you if you do me a favor if this has been helpful If you have any questions put them in the comments below Smash that like button for me I'm trying to build my channel to share with you the kind of tools and tricks that I use to grow my business This doesn't look like a deal, but I'd be happy every time I get a new one to post it Let you guys see how I'm able to pick it apart. So until the next time. Thanks for tuning in. I'll see you guys soon