As the foundation of real estate investment analysis, underwriting allows us to evaluate potential returns and associated risks accurately, ensuring informed and confident investment decisions.Understanding critical metrics like Net Operating Income (NOI), Capitalization Rate (Cap Rate), Debt Service Coverage Ratio (DSCR), Gross Rent Multiplier (GRM), and Cash-on-Cash Return is essential.

What sources do you recommend for evaluating properties? 

I've done some research, listened to hundreds podcasts and watched hundreds youtube videos.im trying to evaluate which is a good market (location) to invest.I'm interested in fix and flips or BRRRs. if you're not interested in partnership but are familiar with these cities, then you have valuable information to guide me in selecting for example areas to avoid when purchasing investment property. 

It is imperative to evaluate the timeline for recuperating the substantial capital investment, especially if your goal is to expand your rental portfolio efficiently.While cash flow is undoubtedly significant, it should not overshadow other crucial factors in real estate investment.

I really like using Airdna to find markets and evaluate them as a starting point.

If you think your offer might be a lowball, and you don't trust your agent's  advice on whether it's worth the try, then evaluate your objectiveness or get a new agent.There are so many potential problems that can arise if you talk to listing agent or sellers agent prior to speaking to your agent. 

We categorize the problems into two groups:Deal Killers (or Deep Discounts): These include complete system failures, such as needing a new well or septic system, which significantly impact the bottom line.Deal Modifiers (or Small Repairs): These are minor repairs like hydrojetting the drain field, installing a new riser, repairing baffles, or replacing pumps/tanks, which can leverage a lower offer.Step 3: Making the Final OfferWe make our final offer only after a full system evaluation with remedies.

They will evaluate the contract with the builder and the budget, make sure it falls within market median costs, and set milestones for draw requests. 

This is how I evaluate and proceed through a deal.

I'm evaluating a property near Yosemite National Park in California that currently sits on a 40 acre parcel.