Analyzing 100 deals this month. Looking to help out!

[Aidan McGee]

Hey BiggerPockets!

My personal goal for the next month is to analyze 100 deals, using the BiggerPockets rental calculator. I may not be great at it at first, but as the month goes on I should get a lot better. If any of you would like help analyzing a deal send it my way! I thought if I was going to do it, I might as well help you guys out in the process! Feel free to send me as many as you would like via direct message or leave a response!

Take care,

Aidan McGee

[Joe Villeneuve]

So you plan on doing this one property at a time?  Do you own a watch?

How long does it take you to fill out the form...this includes gathering the info needed to fill the form out with actual numbers, not estimates?

Let's reverse engineer your timeline starting with the available amount of time you have in a day.  Subtracting 8 hours for sleep, 2 hours for eating, 8 hours for work, 1 hour for travel, and 1 hour for misc. items.  That's a total of 20 hours a day leaving you 4 hours a day to do nothing but analyze properties.

Now, assuming a 30 day month, you have 120 hours/month to analyze 100 properties...that's 1.2 hours/property.

I'm not telling you this to depress you, or to stop you from your goal.  Your goal is achievable.  In fact, if you do it right, you can analyze well over 100 properties in an hour...just not one property at a time.

Learn to analyze markets first.  Then, when a property pops up in one of the markets you analyzed that works for you, then you analyze that property in depth.  Markets first, properties second.