And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

I know I'd feel more comfortable having them now so I can hear where the ARV more accurately would be.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthereLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

@Lamar Cannon made a lot of great points on Deal Structure, Time to Close, Future Plans and Track Record and would affirm that his points are accurate. 

While looking at other peoples analyzers is helpful in understanding what kind calculations you want to do and which inputs you can (and should) gather, nothing is going to help you understand the numbers like forcing yourself to figure out how to calculate them.As this is a numbers game, this is an advantage you will want to have.Understanding all the metrics will help you smell out the BS when some is trying to show you dodgy numbers.I have a very basic excel so far and even that has gotten me to the point that I can tell real estate agents to go do their homework.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

There are additional options at that point, such as rehabbing and flipping out the property to pay the first and keep the profits, renting out the property (especially if the first’s payment is less than rent), and so on.What you described is the worst case scenario that could happen, although it rarely does with the type of asset you’re describing, especially if you’re due diligence is accurate.