Newbiee here looking to learn the numbers

[Mike K.]

Hi all - Just wanted to do a quick introduction here and see what comes of it.

I'm looking for some advice on a few things and would love to get some feedback.

I am looking to find deals to analyze and learn the process of actually making sure the numbers work before acting on something - I have been browsing all the standard internet sites and I have reached out to a few realtors via listings hoping for them to help in the search. Are there any specific keywords used when doing searches? Often I find the results difficult to wade through as there is so much.

I have been looking for multi-family units as that aligns best with my overall goal of income replacement. I'm looking mostly in the western Chicagoland areas. I have also downloaded a few spreadsheets from the file section here on BP. Can anyone share a specific sheet they use to analyze deals and base their numbers off? It seems like some of the sheets contain cells or numbers that I do not have access to or would have to estimate - is that normal? Even if I use the free calculators here on BP - some of the info I just do not know.

I love the forums here and the wealth of knowledge is incredible. I am ready to jump in and get things rolling. Thanks for any advice and I hope to chat with more people soon!