Internal Rate of Return Calculations

[Gavin Delmas]

Hi all,

I need some help here please.... I have followed all the suggestions from bigger pockets and the books I have read. I have created a business/investment plan along with operations manuals. Funny thing is I only own two pieces of property, my home and a condo, but hey I am ready to go into a multifamily next July when the condo comes available to be 1031 exchanged. In the meantime I am practicing analyzing properties. I understand what IRR is I just can't figure out how to calculate it? Is there programs/software out there that the sophisticated investors are using that help them determine this metric?