Hey Nik Parks also from the NYC area (harlem), also a newbie but more than happy to meet up and start to learn or even do some deal analysis for practice if there are some like minded individuals.

Ok, so this is my first analysis, so bear with me.

I still need to pick your brain about commercial deal analysis sometime!

This is where I usually stopped my business plans, paralysis by analysis.

How to analyze them for their cash flow and "true worth" as well as an analysis for offering.

I'm also pretty handy with spreadsheets since my background is in research, so I've made a few marketing analysis tools myself.

I should be so much further along in life than I am now, I've had a low 6 figure paying job in IT since I was 20' and up until last year, didn't utilize my checking account and was basically living pay check to pay check, with nothing to show for it now but being in debt with a couple cars and a bunch of useless things I do not need.I decided for my 25th birthday in a couple months, i want to start building wealth, i want to be able to by my 26th birthday have one or 2 properties that i've either bought to hold, or flipped... havent decided which is better for me yet, I'm still doing research but I am giving myself an action date of my birthday in a couple months so I'm not struck with analysis paralysis and time to save some money.I plan on attending the next meetings for all of the Maryland/DC area REIC meetings, and being active on forums, but will try not to be annoying and ask a bunch of questions instead of using the search function...I know how annoying that is hahaHope to get to know and work with a lot of you

For instance, we do boring old buy-and-hold residential multi-units, so I really do not give a lot of time to ARV in my analysis and am more concerned with operating ratio, cash-on-cash, PI, BER and debt coverage.

Using the property analysis sheet, here are details:Price: $170kRehab: $20k (estimate pending viewing)Closing: $3,400 (2% estimate)Total cost: $193,400Monthly rent: $2100 Annual gross w/12% vacancy: 22,176Estimated annual expenses: $8,674 (taxes, insurance, maintenance, utilities, advertising, PM)NOI: $13,502Cap Rate: ~7%I tried to be conservative with expenses, and it looks to be a fair deal.

Hmmm.... tricky tricky first comp analysis.