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
Learn more about your ad choices. Visit megaphone.fm/adchoices
296: Rookie Reply: Pre-Foreclosures and How to Cut Your Property Management Costs
295: $2 Million in Real Estate in 2 YEARS Thanks to This Strange Side Hustle w/Paul Lee
294: No Money for Real Estate? 2 Side Hustles You Can Use to Fund Your First Deal w/Ava Yuergens and Josh Janus
293: 6 Rental Properties in 15 Months (While Working 3 Jobs!) w/Brandon and Dani Tilson
292: Rookie Reply: The One Thing You Need to Pay $0 in Income Tax
291: Living for FREE at 22 and Planning to Retire by 30 with Rentals w/Ryan Hughes
290: Rookie Reply: Best HVACs, HELOCs, and Using Home Equity to Buy Rentals
289: $11,000/Month with One VERY Unique Rental Property w/Garrett Brown
288: Rookie Reply: Tenant Red Flags and BEST Investor-Friendly Loans
287: From 70 Hour/Week Burnout to Getting Paid to Buy Properties w/Danielle Daly
286: Rookie Reply: Real Estate "Travel Hacks" We Use to Score FREE Vacations
285: 3 Rentals (While in College!) and Turning a Horrific House into a Cash Cow
284: Rookie Reply: What You Need to Know Before Buying Your First Rental
283: 19, Broke, and No Credit to 28 Units and Over $1 Million in Real Estate w/Caleb Hommel and Chuck Sotelo
282: Rookie Reply: Should I Switch Markets? (Why You're NOT Finding Deals)
281: Making $1,200/Month from ONE Rental After Bouncing Back from a BAD Deal w/Michael Yi
280: How to Buy a Rental Property with NO Money OR Credit w/Pace Morby
279: Making $71K on ONE DEAL After 5 Failed House Flips and Six-Figure Debt w/JP Desmet and Aaron Bihl
278: Rookie Reply: Finding Comps, Estimating Rehab Costs, and Filling Vacancies
277: Leaks, Surprise Rehabs, and the Reality of Buying Your First Rental Property w/Sara Plaisted
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
BiggerPockets Real Estate Podcast
BiggerPockets Money Podcast
BiggerPockets Business Podcast
BiggerPockets Daily
The InvestHER Podcast