Resources for Steps To Take to Analyze a Property?

New to Real Estate · Long Island, NY · Member since 2022 · 46 posts · 12 votes

I recently read Rental Property Investing by Turner and am now reading Buy, Rehab, Rent, Refinance, Repeat by Greene. Was given a lot of information about how to find and analyze deals, but I’m still a bit disorganized in my understanding of it. There’s obviously a lot of information and math that goes into it (not my strongest suit). I am wondering if anyone has book recommendations specifically for analyzing deals, that goes into great detail in a sort of step-by-step process - so to speak. Or maybe, chapter by chapter. Hope I’m not asking too much! Really appreciate any feedback. Thanks!

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Nathan GesnerBusiness Member

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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes

Quote from @Pat Quaranto:

I am wondering if anyone has book recommendations specifically for analyzing deals, that goes into great detail in a sort of step-by-step process - so to speak.

Here's a guide that describes what good cash flow looks like and how to analyze a property.

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

You can also go to the BiggerPockets YouTube channel were Brandon walks you through his four-square method on actual properties. There are a lot of videos on there that you can use for practice. It's not nearly as hard as you think.

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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
3y
Quote from @Pat Quaranto:

I am wondering if anyone has book recommendations specifically for analyzing deals, that goes into great detail in a sort of step-by-step process - so to speak.
Here's a guide that describes what good cash flow looks like and how to analyze a property.

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

You can also go to the BiggerPockets YouTube channel were Brandon walks you through his four-square method on actual properties. There are a lot of videos on there that you can use for practice. It's not nearly as hard as you think.
The DIY Landlord Book4.7247 Reviews
Website View Page
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Pat Quaranto
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New to Real Estate · Long Island, NY · Member since 2022 · 46 posts · 12 votes
3y
Thanks, Nathan!
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Carlos Ptriawan
Member since 2019 · 7k+ posts · 4k+ votes
3y
Quote from @Pat Quaranto:

I recently read Rental Property Investing by Turner and am now reading Buy, Rehab, Rent, Refinance, Repeat by Greene. Was given a lot of information about how to find and analyze deals, but I’m still a bit disorganized in my understanding of it. There’s obviously a lot of information and math that goes into it (not my strongest suit). I am wondering if anyone has book recommendations specifically for analyzing deals, that goes into great detail in a sort of step-by-step process - so to speak. Or maybe, chapter by chapter. Hope I’m not asking too much! Really appreciate any feedback. Thanks!

1. Just read the very detailed property inspection of that house
2. Understand very detail the market behavior for that particular block/zip code.
The deals doesnt really matter for me what matter is the condition of the house and everything else (title/tax/permit/etc)
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Suzanne PlayerPro Member
Attorney · New York City / Long Island, NY · Member since 2020 · 597 posts · 248 votes
3y
These are great resources, but don't expect to feel like you know enough just from reading them, it takes time & experience to feel like you've mastered the basics (for most of us at least). I would recommend the Bigger Pockets podcast as well.
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