Deal or No Deal? How to quickly and easily evaluate a potential deal

[Costin I.]

I have found two common weaknesses of real estate investors are:

- the ability to quickly determine if a deal is a good deal or not

- the ability to document and communicate the basics of the deal to a lender

People bring me proposed real estate purchases all the time, and ask me "Is this a good deal?" When I start asking them basic questions (such as "What would your cash flow be if you buy this house?" or "How did you arrive at the real ARV of the property?" or "What are the annual taxes on the property?" or "What repairs are needed, and how long will they take?") I am met with blank stares. Frequently, when we start delving into answers to the most basic questions, we find that they have not found a profitable deal at all.

In the February 16th "From W2 to Financial Freedom" Meetup we will explore how to quickly and easily evaluate a potential deal. Using the techniques we will cover, you should be able to document the basic feasibility of an investment in about 15 minutes, or rule it out.

Topics will include:

1. Major factors to consider before even looking at price

2. How to Arrive at a Price

3. How to Estimate PITI

4. How to Estimate Income

The From W2 to Financial Freedom Meetup meets Thursday February 16 at 6:00 PM (and every 3rd Thu of the month) at Quest Trust Company, 100 Anderson Lane, Austin, TX. Besides the educational presentation, we will have plenty of time for networking, and for you to pitch your deals to the group if you desire.

During the next three months, we plan to cover the following topics:

The 5 biggest mistakes to avoid when investing in real estate

Landlord mistakes

Buy&Hold vs. Flipping vs. Notes vs. Tax Liens vs. Other

This Meetup is also affiliated with the "Austin Private Lenders and Borrowers Networking Meetup" which meets the first Thursday of each month. In the next few months, that meetup will cover these topics:

How to evaluate a potential borrower: Credit, Asset, and DSCR

Six ways to buy properties with little cash and no credit

Due Diligence for Private Lending

We are not a get-rich-quick group! We are strictly for education and networking - nothing is sold.

In this meetup we explore strategies related to building generational wealth with Real Estate while still working a full time "W2" Job. How do you balance the demands of a career and also invest in real estate? We take the long-term view of building wealth for retirement with real estate as a vehicle. We focus on basic principles and look at strategies and techniques for building generational wealth with tried and true methods that require the minimum effort and day to day work. Some of our members have built million dollar real estate portfolios with these methods, and happily share their knowledge with others.

We usually have an educational presentation with actionable, original content and then networking. You can pitch your deals to other investors and lenders or just make new contacts. We are informal and invite you to ask questions and participate!

Whether you are an experienced investor, a beginner, or just curious about real estate investing - come and network with us! We meet at the classroom at 100 East Anderson Lane, Austin, TX 78752 (Quest Trust Company offices) at 6:00pm - but come whenever you can. Bring a friend!