How much analysis power does a newbie need to have ?

[Lloyd Winston]

As a newbie how much analysis power do you recommend for newbie decision making on a first deal. What software or tools do you recommend or simple Excel should be sufficient for a simple close analysis... should I get BP tools and rehab Valuator or something else? I could just lay it out in excel with a deal summary tab and then create another tab for rehab detail and another for closing detail and maybe one tab for exit strategy... let me know your thoughts on this. Thanks again for your time on reading my post.

[David Faulkner]

Originally posted by @Daniil Kleyman:

Lloyd Winston - why create excel sheets from scratch when Rehab Valuator is totally free for deal analysis? :)

Because most of them are garbage, that is why. Because not understanding the underlying fundamentals that drive the numbers is dangerous, and building excel sheets from scratch can help you understand it, that is why. Often times in life and Real Estate investing, you will find that those things that seem cheap or free in the short term wind up in reality being the most expensive things in the long haul.