Analyzing a Real Estate Deal

36mBeginner2020-10-16

Authors

WealthFit

An e-learning company focused on financial education

Course details

Your success in real estate is not going to come from having lots of experience, credibility, cash, or even good people skills. It comes from knowing how to buy the right piece of real estate at the right price. So before you buy your first (or next) investment property, you need to understand precisely: how much to buy the property for, how much to sell the property for, and how much profit you're going to make as a result. When you know these numbers, it makes real estate investing a lot less risky. This course explains how to run the numbers on any property and know if you've got a deal. Learn how to analyze a lead on your phone, on your desktop, or in person; calculate the after-repair value; conduct more research via the MLS; look for market anomalies; and prepare to view homes in person and make smart deals.
This course was created by WealthFit. We are pleased to host this content in our library.
Topics include:
Analyzing a lead three ways
Finding the after-repair value
Researching with the MLS
Looking for anomalies
Analyzing deals on the desktop
Preparing to view homes

Skills covered

Small Business FinanceSmall Business and EntrepreneurshipFinance and AccountingOne-Off

Concepts

0. Introduction

01 - Analyzing a real estate deal

1. Three Steps in Analyzing a Lead

02 - Phone analysis
03 - Desktop analysis
04 - In-person analysis

2. The After-Repair Value

05 - Using Zillow to help find the after-repair value
06 - Zestimating the value of the home you are looking at

3. The MLS

07 - Pulling actionable information with MLS
08 - MLS can help you find properties
09 - Moving from Zillow to MLS in your property search
10 - Understanding the value in homes from different listings

4. Look for Anomalies

11 - Common anomalies
12 - Looking for anomalies in the market

5. Desktop Analysis

13 - Desktop analysis is where you begin your research
14 - Looking for inconsistencies between the property card and what the seller has told you
15 - Preparing to go on appointments to view homes