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Updated almost 6 years ago,
[Calc Review] Help me analyze this deal
Hello everyone,
I am new to BiggerPockets and new to real estate investing, I currently own a duplex (living in one unit and renting out the other). I am looking to start analyzing different deals in my area. I have watched several of the webinars and have listened to countless podcasts. I really want to try and start working towards owning more rental properties and wanted to start by analyzing more deals.
I found a property, Duplex 3 bedrooms 1 bath per unit, in my area and have gone through the Rental Property Calculator. What I received was something a little bit over the 2% rule. I'm not entirely sure if I am doing things right or if this truly is the case with this property. Any advice on how to "double check" if what I used for numbers is correct?
Thanks all and excited to start this style of investing,
Brian Power
*This link comes directly from our calculators, based on information input by the member who posted.