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Updated over 2 years ago on . Most recent reply
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Newbie Analyzing properties
Hello everyone, so I am looking to start practicing analyzing deals, and I am not very familiar with any area at this point in time. Do I need to know my market well to start analyzing deals or can I start practicing without knowing any markets?
If not how should I approach analyzing these properties?
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- Real Estate Broker
- Cody, WY
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Welcome to the BiggerPockets forums!
You can practice on any market. Start anywhere, then shift once you find a market you actually want to invest in. It's always best to analyze the actual market. The more you analyze, the quicker you will be to recognize a good deal.
Here's a guide that describes what good cash flow looks like and how to analyze a property.
https://www.biggerpockets.com/...
- Nathan Gesner
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