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Updated over 5 years ago on .

User Stats

40
Posts
2
Votes
Bobbie Dancy
  • New to Real Estate
  • Cleveland, OH
2
Votes |
40
Posts

want to understand the numbers in finding & analyzing properties

Bobbie Dancy
  • New to Real Estate
  • Cleveland, OH
Posted

Hello I'm new to investing and trying to figure out the proper system to identify and analyze homes. After I've done my comps on a property. The asking price $75,000; the comp is slightly superior and sold for $70,000. (It was the only property that actually compared accurately.) What is the next step?...after doing the comp. I'm just practicing because I want to be good at finding good investment properties and analyzing them. 

My plan is to house hack and BRRRR. First and foremost I want practice good habits as an investor. Understanding the numbers in rental properties. I don't want to overpay because I think I like the house. I rather be accurate on my selections.