What are the steps to analyzing a deal to know if it's a good deal or not?
@Lamor Royes First you have to know your area. FInd the ARV for the area you are interested in. Find the median home price. Find cost replacement just to start.
@Lamor Royes - Good question, but, my simple advice is to pay the extra bucks if you can to go to a higher subscription level here on BP and you will have access to the calculators.
They are excellent tools and the extra spending will be well worth it based on the time and effort they save.
I use them regularly.
Good luck with your analysis.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you