Inquiso helps you in your initial efforts to quickly evaluate the profit potential of a deal, but it is not a complete solution. It is highly recommended you see the interior of a house to evaluate what work is needed (bring a contractor for his/her opinion) Always seek a second opinion on retail value of the home. If you know how much it will sell for, how much work it needs, holding costs, and how much profit you want, than you are able to figure out your offer price.

Once you become more seasoned in your area you will know what retail values are and roughly how much a property needs in work on your walk through. This is a great skill to hone as you want to be quick on your decision making.