Hello can some one explain to me how to run numbers on a potential property to see if it’s a good deal?
@Steve Suntorn Paitoorya attend one of the weekly webinars. Brandon usually walks through a live property analysis. Then after you do that, post any specific questions you still have to the forums.
This is a hyper local and personal finance question. I'd find some local meetups and find an experienced investor (or realtor) who is willing to take you under their wing and give you some guidance.
Need more info...
what type of deal? buy and hold? Flip? short term rental? loans?
BP has calculators under the tool tabs. But in order to understand what the calculator is telling you, you need to understand deal specific metrics that meet your goal.
You can also look for the BP 'File Place' which has spread sheet calculators and other goodies posted by members
My favorite REI calculators are those from the aventuresincre website.
Search the BP forums for the same answers you have questions for. I'm sure many people have asked and the answer is out there already.
Get familiar with the 2% RULE for buy and holds, and the 70% RULE for flips and other helpful rules of thumb. do a forum search for the 2% rule and you will find hundreds of threads.
If you have a specific 'numbers' question. post it here, lots of folks will chime in. but please include a lot of details.
The best advice I can give a new CRE investor is to read books about due diligence and investing. The website I recommend is smashwords dot com. They have a lot of free books about real estate investing. I also have a free book published there.
@Steve Suntorn Paitoorya Yeah, running the numbers is too broad of a question. The easiest way is probably to download Dealcheck and okay around with it until you understand what numbers impact what calculations. The BP calculator is great too, but need to be a Pro.
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