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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96: Rookie Reply: How Much do Property Managers Charge?
95: Buying Your Next Home with This Often Overlooked 0% Down Loan
94: Rookie Reply: Should I Invest in Real Estate or Pay Off Student Loans?
93: Stop Making Offers! Here’s What to Do Instead with Erik Wright
92: Rookie Reply: How to Fund Rehabs and Renovations
91: 8 Units, 10 Wholesale Deals, and $0 Spent on Marketing w/ @Liliinvests
90: Rookie Reply: How to Find the Owner of a Property (Without Being Creepy)
89: Buying Non-Traditional Properties as a Rookie Real Estate Investor
88: Rookie Reply: Analyzing a Short-Term Rental Market
87: Couple Leaves Their W2s (During COVID!) To Go Full Time in Real Estate
86: Rookie Reply: What Should I Look Out for on Mobile Home Parks?
85: Stop Creating Your Own Roadblocks to Investing with Justin Munk
84: Rookie Reply: Pros & Cons of Inherited Tenants
83: College Coach with 10 "Doors" Renting By the Room to Students
82: Rookie Reply: How To Split Finances in a Partnership/Joint Venture
81: David Greene on Where Rookies Go Wrong When Looking for an Agent
80: Rookie Reply: How Does Property Management Handle Maintenance?
79: 19 Year Old College Student Making $18,000 Per Deal
78: Rookie Reply: How Do I Estimate Property Taxes?
77: CPA Answers Depreciation, House-Hacking, and Rookie Tax Questions
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