My first Atlanta deal analysis - Practicing running the numbers

[Curtis Kirksey]

What's up BP family, 

I just finished going over a couple of BP webinars and I learned a lot. The most important thing I took away from the training was analyze 3 deals a day. That turns out to be close to 100 deals a month. From what most experienced investors say, once you look at 100 deals and make some offers than great things can come for the work you put in. 

With that said, I used Redfin to find a duplex for sale in the city of Atlanta and the rental property calculator to analyze the deal. 

Keep in mind that I'm brand new at this. But please feel free to critique the numbers and the location. The more opinions I get from knowledgeable people in the Atlanta area the more I will learn.  

Here is the link:

https://www.biggerpockets.com/calculators/shared/4...

I wish you success in life and business!

Peace.

[Michaela G.]

I own 15 properties in the Pittsburgh neighborhood and I can tell you that this is not a deal, because you'd be paying 72K for something worth 80K (value is questionable, because McDaniel is a very busy street)

Also, you won't find management, because most PM don't want to deal with those low rent numbers. There are 2 or 3 companies, that specialize in the West End and Pittsburgh area, but they have minimums per door of $ 100-120 per month per door, so your percentages go up and your profit goes down. 

It's also a neighborhood that has a lot of turnover. There's a good chance that applicants on McDaniel street are drug dealers or prostitutes, because that's the main drag, so, you might have to deal with letter from the police, telling you that they might seize your house, if you don't evict the tenant, if they've caught them in criminal activity. 

I know that has nothing to do with your question about analysis, but I just wanted to show you that you can plug in all of those numbers and actual knowledge of the neighborhood can throw you for a loop ;-)