Analyzing Deals - Inputs in Calculators

[Kyle Neff]

Hi BP Family! I want to get serious about analyzing multiple deals per day as I know this is a must-have skill in REI. My biggest question is - how do I know that my inputs are correct? I know that doing an accurate analysis can be the difference between a good deal and a bad deal, so I want to make sure my numbers I'm plugging in are accurate to provide a good output and help with a quick decision. Does anyone have any good pointers here? By the way, I run my numbers through the BP calculators and am primarily interested in the BRRRR Strategy. Thanks in advance!

[Amanda G.]

Hi Kyle,

The BP calculators are a great place to start, and you are going to want to find out the specifics in your area. To do that, you need to be talking to local investors. Maybe pull a deal or two that you are looking at and bring them to your local real estate investment group. Somebody there will probably be willing to sit down with you and compare them to reality. And give you a better idea why that deal that looks great on paper has been sitting on the market for 3 months. Good luck!