Don’t know how to analyze a rental property? After this episode, you’ll be a rental property analysis pro, knowing exactly how much money you’ll make on your first, second, or next real estate investment. But don’t worry; you won’t need any complex formulas, dense spreadsheets, or complicated math to calculate how much cash flow you’ll collect from your real estate deal. Instead, you can use the EXACT methods we show to analyze investment properties in minutes, EVEN if you’re a real estate rookie!
In this episode, Ashley and Tony will teach you EXACTLY how to analyze real estate deals in 2023. From long-term to short-term rentals, BRRRR properties, and choosing your real estate market, Ashley and Tony will go through everything you need to ensure your first or next real estate deal is a home run.
Our hosts will go step-by-step through analyzing a real estate investing market, signs of one you should invest in, building your “buy box,” analyzing a long-term, short-term, and BRRRR investment property, and how the 2023 housing market has changed. If you’re still waiting to get a rental property under contract, this is the place to start
In This Episode We Cover
How to analyze a rental property, short-term rental, or BRRRR investment from scratch
2023 housing market updates and what you MUST know before buying
Using the BiggerPockets rental property calculators to analyze properties in minutes
Where to find insurance prices, property taxes, and other KEY variables
The three things you MUST know before analyzing an Airbnb or vacation rental
Financing your real estate deal and rental property loans you can use to purchase an investment property!
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
BiggerPockets Calculators Used in This Episode:
Rental Property
BRRRR
Rent Estimator
Tune into The “Real Estate Rookie” Podcast:
Podcast
YouTube
Grab Tony’s Short-Term Rental Calculator
BrightInvestor
NeighborhoodScout
Policygenius
PriceLabs
Propstream
Investor Shout-Outs:
Amy Mahjoory
Lattes and Leases
Zosia Madden (Rookie Ep 301)
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-305
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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206: Rookie Reply: Biggest Red Flags of a Bad Contractor (and How to Fire Them) w/Amanda Salovitch
205: Puerto Rican Paradise, Arctic Abodes, and Building "Dream" Vacation Rentals
204: Rookie Reply: Do New Short-Term Rental Regulations Make Investing Risky?
203: The Ultimate Property Management Masterclass w/Expert Property Manager Karen Lane
202: Rookie Reply: Is a Cash-Out Refinance Taxable?
201: Quitting Corporate to Build a 23-Unit Post-Pandemic Rental Portfolio w/Gus Ofili
200: Scott Trench’s 10-Step Checklist to Buy Your First Rental Property
199: Post, Invest, Profit: A Step-by-Step Guide to Content Creating for Investors w/Kerwin Donis
198: Rookie Reply: What To Do When an Appraisal Comes Back Low?
197: From the Screen to Short-Term Rentals and How "Stargirl" Started Investing w/Brec Bassinger
196: Rookie Reply: How to Use Home Equity to Buy Rentals
195: Financially Free in 2.5 Years by Buying “Low Risk” Rental Properties w/Craig Curelop
194: Rookie Reply: 19 Best Real Estate Investing Apps We Couldn’t Live Without
193: How a College Dropout Got a Seat at the Millionaire Investor Table
192: Rookie Reply: How to Choose Your Real Estate Investment Strategy
191: Expedite Retirement & Learn the Secret to Becoming a Top Producer (Quickly) w/David Greene
190: Rookie Reply: What is Due Diligence in Real Estate?
189: House Hacking: How to Live for Free and Build Wealth in The Background
188: Rookie Reply: Networking Tips That’ll Increase Your Net Worth
187: Making Twice as Much with Half as Many Doors and 100+ Flips
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