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Analyzing my first deal
Hey everyone,
I am new to BP. I am still very green and trying to lean how to analyze a deal. So i just got an email from a friend who is trying to sell his condo in Vestavia, AL. In my financial state it would have to be a steal for me to follow through, I am honestly more interested in just learning how to analyze deals and get experience. Aside from his asking price, what information do I need to gather so I can crunch the numbers. The Condo is 1 of 90 units. 2 bed 2.5 bath. Ground level. Really trying to learn what to look for so i can start crunching numbers. Any advice appreciated. Thanks!