Then, approach a more traditional lender about refinancing so you can cash out your private lenders.You'll have to buy it right and analyze the deal to make sure the numbers work.

Welcome to the vibrant BP community, where you will find like minded individuals committed to REI and also helping others succeed.Since you didn't mention a REI area of interest, I added links below to the most popular niches, from which you can select one or all.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)Your time on this social media site will be well spent.You have taken the 1st step by announcing your readiness and commitment to embark on a REI career.Whether you pursue, wholesale, rehab & fIip or buy and hold it's up to you to decide.The bottom line is that you must take action to start.

I'm analyzing a deal currently and the deal cash flows well but the cap rate is under 5%.

utm_source=search&utm_medium=internal&utm_campaign=booksSimply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Continue to feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

As mentioned before analyzing the numbers is HUGE but you have to make sure the numbers are accurate.

@Ryan JohnsonWelcome to the vibrant BP community, where you will find like minded individuals committed to REI and also helping others succeed.Seeing that you didn't list a REI area of interest, I added three of the most popular niches below for your selection of one or all.

I am not in market right now but trying to learn how to analyze these sorts of deals for when I make a purchase.

That being said I always figure 10% on every deal that i analyze to flip. (6% for real estate commissions, 3% closing costs and 1% misc for inspection items) Most of the time I am selling to 1st time home buyers that ask for 3% down if they don't then great more profit i didn't count on. 

utm_source=search&utm_medium=internal&utm_campaign=booksSimply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

What are the key market characteristics that I need to analyze to reduce the chances of owning property in a town that is dying fast?