So thankful for the Bigger Pockets Deal Analyzer

[Courtney Merricks]

I have been searching for properties throughout South Florida and the Treasure Coast since I started on this REI Journey. I thought I was going to be able to purchase a condo for a potential buy and hold property on the Treasure Coast in the city where I was born and raised. When I initially plugged my numbers in to the BiggerPockets deal analyzer, I saw that I was going to be able to cash flow at my goal per door if I was able to get acquire the property at 17,500. Today, I looked at the property again and saw that the price of the property had decreased from the original $19K to $15K, so I called my realtor and asked her to put together the offer based on my number. After having a conversation with my realtor today, I saw that I did not have the expense for the HOA. After going back and editing my Property Analysis on the BiggerPockets rental analyzer, I figured the property would not be a good property to buy and hold even at the lower purchase price, because it did not meet certain factors in order for me to meet my investment goal per door. So, "If the numbers don't work, do not force it". Thank you BP, I am now looking for my next property to analyze.

Courtney