Always make sure the numbers are analyzed carefully!

Hi everyone. I found a 16+ acre farmette that needs updating. House built in !1900 is ok, but needs estimated $80,000 of updates . 3000sft  6 bed 2 ba. Any farmette in my area that is in decent shape is snapped up in ...

Luckily, you've found the right place to do that.Here's where you might want to start:- Learn about how to analyze flip deals (perhaps type "flip formula" or "flip analysis" into the search box here)- Learn how to estimate ARV (perhaps type "estimate ARV" into the search box)- Learn how to estimate rehab costs (perhaps type "estimating rehab" into the search box)- Learn about fixed costs (perhaps type "fixed costs" into the search boxOnce you understand those basics, you can start doing basic analysis of properties.  

I have been analyzing tris and quads in the upstate NY region (hudson valley), and am about to start looking at tris and quads in Albany, NY.

I've been working as a property insurance adjuster for 6 years now which has given me lots of experience analyzing damaged houses and figuring out how to fix them.  

There are calculators here on the site under the Analyze tab or check the FilePlace under the resources tab.

Analyze the deal and make sure there is enough margin. 

Curtis,You may want to take a look at this deal and re-analyze it.

I can't give you any insight to it directly but i can provide you with a helpful link when it comes to analyzing properties by the school districts that their in.

When you analyze each property over estimate your expenses, use 10% vacancy, use the low end of your rental range, and the numbers still look good, you might have found a deal.