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.

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.

My wife and I just acquired our first deal. A 3/1 built in the early 1900s that has fallen into disrepair over the past 20 years and in needs of a full gut. We acquired the deal mostly for the lot, it’s a B class neig...

Having trouble analyzing this deal as there are so many variables and I do not have the experiencing analyzing deals to make me feel comfortable taking the risk.Purchase price of the land would be $250,000 not including closing cost or fees, and construction for a new 3/2 home with an attached 1/1 ADU is estimated to cost around $300,000 - $400,000 finished.

Murphy's Law applies like a mother to REI.First, if you are doing all the project picking/analyzing/Comp Analysis and you don't know the market, and you don't know the formulas, and your numbers are wrong? 

If the goal is to start investing yourself or wanting to be a pro on analyzing the numbers of a deal, I agree with everyone that has already commented on CCIM classes.

Quote from @Bobby Burris: Here's a guide that describes what good cash flow looks like and how to analyze a property.https://www.biggerpockets.com/blog/rental-property-cash-flow...Read a few books on real estate investing to learn the power of leverage.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

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.

You become part of a team that looks out for each other, that helps analyze not only deals, but situations.