All Forum Posts by: Nick Peters

That's correct!

I'm biased but I continue to recommend excel spreadsheets for that purpose. Easy to use, cheap and flexible!

If you're bad with math, you still have plenty of solutions that can help you with that in your real estate investing journey. BP's calculators are one, excel spreadsheets are another!

It is usually a mix of multiple ratios and other considerations, which all depend on the deal honestly. But I had to pick only one indicator / calculation, then IRR would be the way to go (and there's a reason why professional investors and investment firms use it so much)!

@Mitch MacDonald

Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

7. Finally, if you can't find what you're looking for, try the Bigger Pockets Fileplace: https://www.biggerpockets.com/files It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors. I've myself uploaded a rental property analysis spreadsheet to help beginners analyze their investment properties, it's available in my fileplace: https://www.biggerpockets.com/files/user/NickPeters

Please let me know if I can help, and best of luck!

@Michael Parmenter

Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

7. Finally, if you can't find what you're looking for, try the Bigger Pockets Fileplace: https://www.biggerpockets.com/files It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors. I've myself uploaded a rental property analysis spreadsheet to help beginners analyze their investment properties, it's available in my fileplace: https://www.biggerpockets.com/files/user/NickPeters

Please let me know if I can help, and best of luck!

HI @Carolyn Price, you can have a look at my fileplace on BP:

https://www.biggerpockets.com/...

I've uploaded a few spreadsheets that real estate investors can use to review deals (both rental properties and house flips / rehabs). Let me know if you have any questions, happy to help!

As others have mentioned, you should try t calculate the IRR of your investment, it will take all these aspects into consideration. Best way to calculate that is to input all your info into an excel spreadsheet.

Hi @Katy L. You can have a look at my fileplace:

https://www.biggerpockets.com/...

I've saved a few spreadsheets including to analyze rental properties. Note however that the spreadsheets do not include taxes (which would require too many specific assumptions)

Happy to help if you have any questions!

Hi @Jaydon H. You can have a look at my fileplace on BP, I've uploaded two rental property analysis spreadsheets that are very easy to use:

https://www.biggerpockets.com/...

It's not specific to Canadian deals but I would expect the logic to be the same.

Let me know if you have any questions, happy to help!