Popular markets often include beach towns, mountain retreats, and areas with strong tourism.It’s also important to research local regulations, occupancy rates, and management costs to make sure the numbers work.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Pricelabs Market Dashboards – Great for analyzing local comps and pricing trends. 3.

It is the most popular software in the industry, and most Tax Preparers are familiar with it, which makes tax season easier.However, many on the forums will advise against QBO.

They are completely different forms of investing and should never be analyzed the same way.

Moving forward I will start analyzing deals based on potential contractor prices.

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*This link comes directly from our calculators, based on information input by the member who posted.

Since then, we have been dedicating our time to learning as much as possible—reading extensively, analyzing potential deals, and listening to BiggerPockets podcasts.After careful consideration, we decided to sell our current home and rent instead, allowing us greater flexibility as we begin our real estate investment journey.

Finally, start small, analyze deals, and build a team to guide you as you gain experience.