Updated over 6 years ago on . Most recent reply
Understanding how to Analyze deals
Hey guys, While listening to the podcast One thing always sticks out that I’m not doing and that’s analyzing deals. I want to better understand how to analyze a deal so when one does come up I’m able to pull the trigger on it. A little background on my goal, I want to purchase a 10-20 unit apartment before I turn 27 (May 4, 2020). I’ve gone on loopnet (as I’ve heard this is where deals go to die) not necessarily looking for properties but I want to learn how to pull the numbers that are given on that property and how to analyze this deal to know if it’s a good/bad deal. What are the main characteristics/numbers I should be looking for? Some of the things I get stuck on is how can you calculate rehab cost by just looking at pictures online? Should I be reaching out to the realtor simply to ask what the estimated rehab cost is even though I have no intentions to purchase? If you can give me an example on a property you’ve purchased or just a bland example with numbers on a property just so I can have a better understanding I’d really appreciated it.