Property analysis tips

[Harry Piotrowski]

I’ve been practicing my deal analysis by picking a property and going over the numbers (I’m aware that repetition is key so whether these properties are good or bad, it doesn’t matter to me) but I’ve been getting stuck on trying to find accurate estimates for the various categories I have set up. I need more information on the topic. Does anyone have any suggestions of good books on analyzing properties? Any help is appreciated. Thank you!

[Kenneth Garrett]

@Harry Piotrowski

I assume you are referring to rehab numbers.  You can use the estimator here on BP.  Look at properties that were flipped or even rented.  When I started I could see the original pictures of a house and then it would come back on the market rehabbed.  I would compare the pictures and conduct my own analysis on profit margin and my rehab numbers were generally pretty accurate.  My daughter graduated from CSU last year, that market is expensive compared to the Midwest where I live.  I tried to buy her something there, but I just couldn’t get the numbers to work.