Analyzing that first Rental and knowing when to jump in!

[Timothy Douglas]

There are many things on the calculator that I don't know how to obtain quickly and accurately enough to analyze the deal, multiple deals, with confidence in succession and then offer on them. These things include:

Landlord Expenses/Rent

Cap Rate

Loan Details

ARV

Repair Estimate

I've also been told to be pre-approved, but is that even necessary at twenty years old? I feel like it'll just be complete rejection given that I'm in college with little work history. Furthermore, how does having investors waiting idly by with cash work? Is it just a verbal agreement? My final question is whether or not cash is literally cash or could it be an open HELOC loan that is ready to go, or something of that nature?

[Timothy Douglas]

@Ola Dantis Thanks for the encouragement! I’m trying to make reading a part of my daily routine for sure, along with being more active on the forums!