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Updated about 1 year ago on . Most recent reply
How do I know I’m getting a good deal?
New investor here looking to buy my first Quad with a VA loan. The asking price is 550k and the rent is $1100 a month per unit. It doesn't meet the 1% rule. What all should I do to make sure I'm making the right decision? Or can someone point me in the direction of calculating ROI?
Most Popular Reply
Hey Antoinette, Welcome to BP and the world of Real Estate Investing!
Bigger Pockets has a few calculators you can plug in relevant info into to calculate ROI, and other metrics of a property you're analyzing.
The right decision or good deal are not always universal. You have to decide, are the returns the investment generates satisfactory to you and do they align with you investment goals?
A great book that can help you with calculating KPIs and Metrics on rental properties
Real Estate by the Numbers - Audio Book
May be a great place to start...
Good Luck!