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Updated almost 8 years ago on . Most recent reply

User Stats

37
Posts
19
Votes
Shepard Ager
  • Real Estate Professional
  • Birmingham, AL
19
Votes |
37
Posts

Analyzing my first deal

Shepard Ager
  • Real Estate Professional
  • Birmingham, AL
Posted

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!  

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