WHERE CAN I ANALYZE 100 DEALS?

Question

In college I was always the guy that would ask a bunch of questions and needed to do the problem 2-3 times before I can fully understand it. I want to analyze 100 deals, but I don't know if i am analyzing them correctly. I am going to just jump in and "fail forward" but would like to have any recommendations. Besides the BP youtube, (which is the best thing ever!!) Is there a more efficient way I can learn deal analysis in volume?

Aubrey Maldonado · Answer

The main thing I'd recommend if you're not sure whether you're analyzing deals right is to define the criteria that would make it a good deal for you or ask other investors what criteria make a property a deal for them. If you haven't already joined a local investor group or meetup, I highly recommend it. You can network and ask people how they analyze their deals.

Once you have your criteria set (or someone else's), go on Zillow or Realtor.com and start analyzing the opportunities. You can also go on Facebook Marketplace or Craigslist to analyze any deals there. I use the BP calculators to analyze and I know others who use spreadsheets to do the same. To me, the BP calculators are the most efficient way to do multiple evaluations quickly.

Sebastian Marroquin · Answer

Your question and goal is too vague…

what are your goals? cash flow? appreciation? development? STR? etc

example: I know investors that buy homes in CA and are willing to buy over priced homes bc they will add sq footage and make the deal work.

Or someone that bought a home overpriced by $300k and then knocked it down to build 8 condo units that he sold each for a $300k profit.

You don't know if you are analyzing correctly because you do not know what to compare them to…

If you are looking for single family homes that net $150 per door per month every month: ok, now you can search for price points, compare them to their rent potential after expenses. as an example.

Decide on a goal and criteria, How will you pay for them? How long will you keep them for? what will be your strategy? (long term hold or force equity?)

Michael Trocchia · Answer

These are all great replies! Thank you.

WHERE CAN I ANALYZE 100 DEALS?

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