New to the BP community

[Magdala Jean-Baptiste]

Hi everyone, I want to start investing by buying my first property. Am nervous and don't know to evaluate a property for cash flow.. any suggestions?

[James Dainard]

Quote from @Magdala Jean-Baptiste:

Hi everyone, I want to start investing by buying my first property. Am nervous and don't know to evaluate a property for cash flow.. any suggestions?

 Hey Magdala,

There are a ton of free calculators on this site that will help you out.

We like to use Rentometer to gauge rent in our area as well as data from the NWMLS.

Depending on the type of deal you're looking for you'll want to talk with your lender to figure out what your debt cost is going to be to finance the asset you want. You can work backwards using rent, debt costs, and any other HOA, insurance, utility quotes/estimates you have.

Let my office know if we can help at all!