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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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
186: Rookie Reply: How to Close on Off-Market Properties
185: 11 Doors and Returning to Real Estate After an 8-Year Hiatus
184: Rookie Reply: Should You Rent to a Bankrupt Tenant?
183: Ditching the "American Dream" & Finding Ways to Live a Wealthier Life
182: Rookie Reply: Rent Out Your Primary Residence or Sell and Buy Rentals?
181: 9 Doors While Deployed and Investing from Afghanistan, Iraq, and Africa
180: Rookie Reply: How to Buy Your First Rental With No (or Low) Money Down
179: From Freak to Financially Independent & Beating the Average Joe to $1M
178: Rookie Reply: Why Real Estate Debt Isn’t So Scary
177: Gang Houses, Animals, and 17 Units by Capitalizing on Properties People Avoid
176: Rookie Reply: Tony’s Troublesome Shreveport Deal ($29k LOSS)
175: Changing Their Family's Fate by Building a 600+ Unit Portfolio (At Age 20!)
174: Rookie Reply: How to Structure a Real Estate Partnership
173: $1M in Real Estate in Just 1 Year (and How You Can Do It Too!)
172: Understand ANYONE Around You (Including Yourself!) Using One Simple Tool w/Nick Baumgart
171: The 2022 Housing Market Explained: Is Now a Good Time to Buy? w/Dave Meyer
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