[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
Hello everyone
I have taken the plunge into real estate investing after listening to BP podcasts over the past year with the goal of financial independence.
How have I taken the plunge:
1] I have visited 2x single family homes in the past 2 weeks.
2] I have visited 2x duplex properties today [See attached file for the duplex of interest].
3] I have obtained bank pre-approval for a loan. Only to find out that it's approved for single family homes, now I have to find another bank who will approve me for multiplex property loan.
4] I have obtain a real estate agent on my team so far.
I'm still trying to get a hang of doing the calculations. I feel like I'm missing some information that would help me more accurately gauge a property and I am not sure how to obtain that without the help of a real estate agent.
I am open to and appreciative of any feedbacks on how to improve my journey towards financial independence via real estate investment. It is a lot harder than how the BP podcasts make it out to be.