Whether you’re an amateur or long-time veteran, a smart real estate deal always starts with research. So how do you properly analyze a real estate deal? Whether you’re looking at a residential property, or an investment, don’t go in without doing your due diligence. That’s where the Real Estate Analysis calculator comes in.
Let’s start with a real world example. A couple, after making some wise decisions about their financial strategy, had some available capital to do with what they liked. And when you’re in a position of cash, opportunity finds you.
They had long dreamed of a vacation home, when a friend approached them with an offer. He was looking to sell his cabin in order to have money to continue investing in his business. Though the cabin was appraised at $150,000 he was willing to sell it to friends for $100,000 if they were able to close in ten days’ time.