What skills am i missing before my first property?

[Joseph Shin]

Currently I understand how to analyze properties at a very high level, how to find a good tenant, 

-I dont know how to estimate rehab costs, ARV, potential rental rates in markets im unfamiliar with

Not too much basic home renos

What other skills am I missing before i jump in?

Also, is deal analysis different in Canada? I've been using an excel template i've found online but I may be missing some factors while analyzing Ontario deals

[Jacob Perez]

Hey @Joseph Shin,

This looks a lot like analysis paralysis to me, here's why:

• You CAN estimate rehab costs - Simply contact a contractor (or 2-3 total)
• ARV - Ask your realtor for these comparables
• Potential Rental Rates - Contact Investors in those markets they will be happy to share, alternatively, you can check kijiji or MLS for a rough idea.

Biggest skill you can add is being pro-active. Being an investor is about being resourceful to get the information you need, not about being an expert in every facet.