Deal analysis what is the best way to start for a beginner?

[Franklin Braden Garrett]

Hi guys I’m at the very beginning of my real estate journey and I’m trying to become familiar and practice analyzing properties. I’ve attempted using the calculators on bigger pockets website but a lot of the info I have no idea how to find. What is the best way to practice analyzing if I don’t have specific numbers such as loan interest rates and all that stuff since I am just practice and yet to speak to a lender?

[Scott Passman]

@Franklin Braden Garrett Well the best way to get a more accurate interest rate estimate would be to call up a lender and talk to them.  If you are looking to finance a property, you will want to have a preapproval first anyway so what better time than now?  I can tell you I am currently getting a 5.187% interest rate from my lender, so you could plug a similar number into your spreadsheet as a starting point. But you would want to talk to a lender to get a more accurate % for what you would be working with when analyzing a potential deal.  Welcome to BP and best of luck on your investing journey.