How To Analyze A Rental Property (The Quick & Dirty Way)
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- Опубліковано 3 тра 2024
- Learn how to analyze a rental property in 10 minutes with this real estate deal analysis walkthrough, hosted by Brandon Turner.
Brandon demonstrates how to find & analyze any real estate deal from any major MLS like Zillow, Redfin, Realtor, etc. using simple techniques, the BiggerPockets Calculator, and a few button clicks.
If you're trying to get started as a new real estate investor, this quick & dirty deal analysis approach is perfect for newbie investors.
www.biggerpocktets.com
www.biggerpockets.com/calc
www.biggerpockets.com/webinars
I literally just bought the duplex that was listed below this one in the video! Lol that’s crazy.
how much did you pay? 350K?
I got it under contract for 220k
@@OhRockoh did you go private note? What was the asking price $350k?
@matthew aubert I will be house hacking it so got a VA loan. And will be cash flowing 156/month. Literally paid nothing for it. Seller paid closing costs and I even got the seller to fix every issue that was wrong with the house.
@@OhRockoh nice work. I used my VA loan back in 1995 for a 4 plex. You did really good with this deal. Cashflow with nothing down, boom. Do you know Manual Overa? Not sure if your from Waco but I lived there awhile ago and know him from then.
PLEASE do more videos like this, analyzing deals.
He does a lot of them in the webinars, I really recommend them
All that info in 10 mins or less - amazing
Love this type of video. Quick walk through of analyzing a property. Helps a lot. 👍🏽👍🏽👍🏽
Super simple, fast, quick, and dirty! Just how I like it! Great breakdown, Brandon. Love the UI on the BP calculators.
You guys are great!! I just watched your video on buying in 90 days and I AM GONNA GO FOR IT! Thanks for putting it all out there for people to learn from!
This is awesome Brandon. Continue doing videos like this. I found this very valuable and information. Quick and easy to understand. Thank you.
Wow!! I’m so glad I just watched this video. Please do more like this it’s super helpful! Awesome that you can download the report! Thanks for everything
Oh my goodness, this is literally a game changer. Just stumbled on this channel and boom, my breakthrough moment awaits. Thank you so much for this awesome analysis. Time to put words into action 🔥🔥👍👍
Incredible info. Thank you so much for helping us all towards financial independence 💰🙏🏼
Omg this was exactly the type of video I was looking for, just raw uncut how to example of how to do these things
Helpful instructions to analyze the property before investing. Thank you for the valuable tips.
This was one of the most informative videos I’ve seen. Thank you so much!
This was SUPER helpful Brandon! Please do more
I'm grateful for the quick & dirty analysis and the commentary and the "what if I lower my offer"
*Disclaimer, you have to pay for membership to get these reports from the calculators. Just a fyi.
I wondered. Even the template / tool I tried to use, doesn't seem to have the same options.
Good to know!!
However, you can use them up to 5 times for free.
How much you gotta pay ?
The game is to be sold, not told😁😁
Great job breaking all of this down! Thanks !
Great video and a new way of checking out an investment. I do it differently so I just learned a new tool, specially the rentometer tool. I am not sure how accurate their data is but it is a starting point.
I love your videos, thank you for all the education. You rock!
GREAT content. Thank you for taking the time.
You are the king. I’m going to go and understand the different elements of your calculation - this is good.
Bravo! What an excellent an informative video. Thank you for sharing.
This was extremely helpful thank you!
these calculators look super helpful. thanks!
I just bought "how to invest in real state with little to no money" book which is good and this video with all the info in it is my best start I could ever imagine in owing real estate thank you so much GBU
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Awesome! Subbed... I'm just getting educated and your channel has been great!
So easy to follow along quick and easy to understand! Thanks Brandon and thanks BiggerPockets. Because of you guys I now have 18 rental units and I'm cash-flowing 8000 per month with a net worth of over 1 million. It's crazy to see that rents and values have risen over time and truly do make you wealthy when you buy real estate and wait
$444 of cashflow per unit! what's the secret to getting that much, I thought $150-$200 was the best you could get. I'm new to this, would love to learn more.
@GCG i bought my multifamily in Arizona in 2017, 2018, 2020. rents & values have exploded. the market has made us look like a genius. just bought a couple of 4-plex's and a 7 unit seller financed. just breaking even to slightly losing cash-flow because i can implement a value-add plan
@@johnnyb33good21 Hello, could I speak to you via email about investing? I promise I'm not a scammer....lol. Just trying to get in the market. I had a few questions about doing my 1st deal
Great tool to clear thoughts and easy homework!
Thank you so much, please make more videos for analyzing.😊👍🙏
Awesome video. More than any time I can recall, something irl happened, I thought I wanna look a thing up online/UA-cam, and I found the thing to solve my question on the first click. Liked and subscribed. Thanks homie.
Thank you for the video. I’m a noob and I have been bingeing your videos.
Thanks a lot! Please do a video of each strategy analysis! Quick and dirty! If they are already out there, some one please point them out!
This is great info. Love the calculator
Great content which I will be applying when I buy my 3rd property next year before my 24 birthday
Quick and to the point! New subber here. Keep up the great work!
As an immigrant to America I am so thankful for this channel
Great video! I will watch it again with my notepad.
AWESOME CONTENT!!!! Thanks Brandon!!!
Thanks for your contributions.
you have earned my sub...super informative thanks 👍
Thanks for sharing that video. I hope to see more like it in the future.
That's a dope program you guys created. Everything looks clean and professional.
Hey Brandon! Another state added to the list! Awesome!
So helpful. Much Appreciated!!!
This is awesome, but I actually came up with a much faster way to calculate it. Now, I do still include everything in this video for sure to make certain that all of my expenses are covered, but if I wanted to void putting in all the information for a property to make a really quick offer, I found a much, much easier and faster way to calculate it. Again, Thank you so much for this information. 👍
What’s the easier way?
Watching this and getting into buying rental property at 21 wishing I did it sooner but also happy I didn’t start it later. Thanks for all the great info man 🙏🏾
The beautiful thing about real estate is there is never a wrong time to start, regardless of your age!
How were you able to get financing at such a young age? I'm 20, in college. Not really sure how to get financing rn
@@jordyngegg6638brandon wrote an entire book on exactly that.
(1) Find a partner and split the costs (and profits)
(2) Rent out the rooms
(3) look for government help
(4) just get a loan
im also 21. I used these exact tactics however i already raised a tonne of money flipping cars
Thanks Brandon am going to use that calculators
Love this. Thanks!!!
This is good for a quick look. I created a quick analyzer that I used for a my triplex and looked like it was a slam dunk. Use down payment and closing costs for a better look
You've got yourself a new subscriber. i know this is an over video and you wont see it - but im just now doing more serious research into buying a rental property. I'm just not sure if i should continue to wait for hopefully the market to level off or even dip, or just start researching to buy now.
GREAT CASE STUDY!!!! More Please 😁
That was amazing thanks for showing us that!
AmaZing dude. Thank you!
Hi I am very new and watching every video I can on getting into investing into rentals. Do you analyze properties any differently for states where you don’t pay any state income tax?
Very helpful !! Thank you
Hey great calculator, is there anyway we can change the currency , I'm in South Africa and would like to utilise this
I just came across your channel and am thankful for the content your putting out. Just subscribed to your channel.
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So helpful!!! TFS.
Love this channel so much.
I love that rentometer site!
Damn this video was AMAZINGLY INFORMATIVE
I really enjoyed it. great !
I love it, I just bought a duplex in Texas, do more videos like this please, thank you 🙏
Brandon, can you add a feature on the calculator to set the desired COC% and have the formula spit out the purchase price that way?
Op Hs cash on cash percentage, aka cash on cash return
Thank you God for these resources that’s being offered for free. I’m amazed.
wow i just bookmarked your biiger pockets rental calculater thanks so much. i cant wait to get my first rental property
I can’t wait to get mines as well! Hope u get it soon!
I love this. Please do more
This was super helpful!
Properties that cost around $250k-$300K where you get $2,500 rent seem (kind of) a no brainer. Having said that, it would be really nice to see you guys cover expensive areas (big coastal cities) - can't find that anywhere.... Thank you!
Lol cuz there not profitable unless it's obtained via creative financing
@@aflippingg4340 I guess no one is replying....
awesome video bro thank you
Brilliant video for people like me just starting out. Thanks so much man!
mdms
This is a great tool, does it work with international realestate outside of US and Canada, like in europe or the middle east like dubai?
Thank you Brandon
Great video!
Keep the texas series going with dalls/dfw.
1024 Southmoor Dr, Arlington, TX 76010 fourplex
This is really great!
Please create more videos like this one!
Super helpful!
I have not found another property proforma program that does as good of a job as the ones on the BP website. Thanks for the quick demo.
Real Estate Wealth Coaching RehabValuator is excellent!
Brandon, what's the largest size multifamily you can use the calculator on?
thanks,
I think you should update the calculators - instead of having to come down on the price a few times, you should be able to re-enter the coc return your looking for and it auto changes your offer price. Just a thought
woaaahhh this is amazing!!!!
I’ll be signing up!
This video was awesome
Thank you !!
You guys are so awesome ;)
Damn, this is amazing!
I ask because the version on the UA-cam video is much more informative and clearer than the one currently on the bigger pockets website @biggerpockets
That’s crazy easy.. I hope I have the same data base/calculator in Spain.
You are the best!
Do more videos like this and explain in more detail please
Crazy seeing your home town in a Bigger Pockets video. That property is now worth $365k as of Oct. 2022.
You’re the Man!
Hi Brandon! Does the calculator take into consideration the bank payments for the loan? thanks, man!
Yeah, it's on there. He was filling out the purchase price, down payments, interest rate ETC., then after that, it was showing the monthly payments on the right hand side of the page.
Ur a g. I have a lot to learn
Since the property value and equity would increase overtime, would you increase the renting price by year or what period and amount?
Would be awesome if the calculator allowed you to back into what you would be willing to pay by putting in all income and expenses and telling it you wanted X COC return versus having to play trial and error
Waco, TX is a great place to buy a big property and to start a gunsmithing business. This one dude had a huge property there where he inventoried and stocked guns and sold them at gun shows, all completely legal and a very profitable business.
Thank you
Is there a reason the formatting is so much different on the bigger pockets rental property analysis than how it looks in this video? Is there a way I can have the formatting like the one in this video or a I forced to use the newer version?