Real Estate Agent · Providence, RI · Member since 2017 · 9 posts · 4 votes
Hi all!
I've been a listening to the BiggerPockets podcasts for a while now and this is my first post. I recently came across a property that I'm interested in purchasing as an investment (it would be my first) but I'm not sure if it is a good deal or not. How would I go about determining this?
I've still yet to purchase my first property, but I'm closing in on it. When I'm sifting through potential investments I do a simple rough estimate using the 4 square system to evaluate the potential cash flow. Works fairly well, and you can do it off the top of your head pretty easily.