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Updated about 3 years ago on . Most recent reply

Benjamin Siller's profile image
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Benjamin Siller
  • Member since Sep 14, 2022

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Benjamin Siller's profile image
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Benjamin Siller
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Benjamin Siller
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Starting Out

Newbie Analyzing properties

Benjamin Siller
Posted

Hello everyone, so I am looking to start practicing analyzing deals, and I am not very familiar with any area at this point in time.  Do I need to know my market well to start analyzing deals or can I start practicing without knowing any markets? 

If not how should I approach analyzing these properties?

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Nathan Gesner
  • #2 All Forums Contributor
  • Real Estate Broker
  • from Cody, WY
  • Member since Apr 27, 2010

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Nathan Gesner's profile image
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Nathan Gesner
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  • Member since Apr 27, 2010
Nathan Gesner
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Nathan Gesner
  • Real Estate Broker
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ModeratorReplied

Welcome to the BiggerPockets forums!

You can practice on any market. Start anywhere, then shift once you find a market you actually want to invest in. It's always best to analyze the actual market. The more you analyze, the quicker you will be to recognize a good deal.

Here's a guide that describes what good cash flow looks like and how to analyze a property.

https://www.biggerpockets.com/...

  • Nathan Gesner
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