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3 December 2024 | 2 replies
You might also consider using the BiggerPockets Pro tools to analyze specific properties and connect with investors who have experience in those regions.Additionally, networking locally through real estate meetups or investor groups in your target area can be invaluable.
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10 December 2024 | 26 replies
Everyone has to start somewhere just understand it will be very hard but if you never give up and take things slow to really analyze everything you put more chances of success in your favor.When people make their first million they tend to be the most vulnerable to the con artists out there.
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30 November 2024 | 2 replies
Here are my thoughts on your questions:Pain Points: Many investors struggle with quickly analyzing deals at scale.
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5 December 2024 | 15 replies
Go onto Redfin and analyze the data as to who is moving there and advertise in those areas also for tenants who might be moving to that area.
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3 December 2024 | 5 replies
I believe this is one reason none of the deals I analyze are cash-flowing.2.
30 November 2024 | 4 replies
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.
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2 December 2024 | 10 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
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29 November 2024 | 6 replies
Hello all, I am struggling to analyze multifamily deals in my area.
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30 November 2024 | 0 replies
On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?
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2 December 2024 | 10 replies
I always account for this expense when I analyze a property.