Analyze 100 deals

[Tyler Smith]

Hello BP Community!

I have been listening to the podcasts, @Brandon Turner, over the past 3 months and it has been brought up several times if you want to best understand your market, take the time to analyze 100 deals in the area you want to invest.  Well I am starting that journey now and just wanted to get some feedback on what is the best data to pull into my spreadsheet.  Right now I have the following but know there should be additional details:

 - Sale price

 - price/square foot

 - bedrooms

 - bathrooms

 - address 

 - total square feet

I look forward to responses and thank you!

Tyler Smith

@Brandon Turnerundefined

[Gino Barbaro]

@Tyler Smith

Hi Tyler

you need to analyze market rents, what one beds two beds, etc rent out for.  Become very familiar with the expenses in your market.  You have to learn how much it costs to run a property.  Learn the paths of progress in a city, the areas that are experiencing growth 

Learn how to speak the lingo, cap rates, cash on cash, debt service coverage, amortization, etc.  When you speak to a broker, you want to sound professional and be prepared.

Gino