How do I analyze a great deal?

[Mamie Paul]

I am new to real estate investing. I believe I found a great deal in my area, I send it to my broker to help me analyze it but he said it's not a good deal. I do not have a team yet I 'm in the process of getting one. In the meantime I really want to know how to analyze this deal, don't want to miss the opportunity. Thanks

[Steven Foster Wilson]

Quote from @Mamie Paul:

I am new to real estate investing. I believe I found a great deal in my area, I send it to my broker to help me analyze it but he said it's not a good deal. I do not have a team yet I 'm in the process of getting one. In the meantime I really want to know how to analyze this deal, don't want to miss the opportunity. Thanks

 Analyzing deals comes with practice. I like to use this calculator when running numbers https://www.calculator.net/ren.... I think you have to know how much work is it going to take to either flip it or rent it out at market rent. What area is it in? What are you going for appreciation or cashflow. I just saw a house here in Columbus that was in a hot location but with the price they were asking and how much work it needed it was a hard pass. 

I recommend you find someone to mentor you to help grow this skill. I would ask someone who is doing what you want to be doing. Ask multiple people! I always like to try to meet up with at least one person a month.