Requesting Input - Kickstart exercise to analyzing deals

[Jack Reid]

Hi! I’m new to the real estate investment world and have been determining the skill gaps that I should fill for myself. My first step was reading all the foundational Bigger Pocket’s books.

Now, my next skill gap to fill is the practice of analyzing and determining deals. But I need your help to best kickstart this idea. See below the outline of my plan. Please let me know what you think. It would be great to get feedback on this exercise and other ideas that beginners should put into practice.

Here is my idea

Goal - Analyze 500 deals through the Bigger Pockets Deal Calculator

To analyze and track:

• Calculated ROI
• Calculated Cash Flow

Check if the property meets the following:

• 1% Rule
• 2% Rule

Area Check

• Crime Rate
• Median Income
• Occupancy Rates
• Population Growth
• School Rankings

For the sake of this exercise, I am choosing to not stick to only one market nor type of real estate investment - will use both the Rental Property and BRRR calculators. I will also explore the various markets in this activity to identify and understand the variables to consider.

My request of you - any input on this exercise design or other practices that can be done to get from a foundational level of real estate investing knowledge to intermediate and ultimately expert.