Where to Start?

[Alon Saar]

Hey everybody!
I am new in BP, and I am looking to understand where I start with learning about REI.
I currently live in New York which it's not a good place to start investing.
i know the difference between STR,MTR,LTR.... I know that I want to focus on LER with the brrr strategy.

now my questions are:

1. where to start? what should I learn?
2. how to know where to find a B,C,D areas\neighborhoods in cities\ countries.
3. how do I know if a property is worth the checking\ buying?
4. how do you estimate a repair? are you guessing a number? and how do you know the ARV (after repair value) is?

those I think the basic of my questions.

Thank you for responding and helping to understand more.

[Min Zhang]

@Alon Saar

1. Since you already know that you want to focus on BRRRR, next you should identify your market. Then, start building your connection with local agents, contractors and property managers.
2. You can check tools like Niche, Roofstock, Zillow, or even just Google Maps can help you get a feel for neighborhoods and properties. It’s about understanding what each neighborhood offers. Look at things like safety, schools, local amenities, and the overall vibe. Also talk to local agents and ask for their insights. That’ll help you get a better sense of which neighborhoods align with your investment goals.
3. Check out recent sales in the area to get a sense of pricing and comps. Also, make sure the property's condition matches what you're willing to take on, or that the numbers work for you.
4. When it comes to repairs, I recommend talking to contractors who can walk through the property for you and give you a solid estimate. As for ARV, you'll want to look at recent sales of similar homes after they've been fixed up. An agent can also help with this.