How to Analyze a Rental Property (From Start to Finish)
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- Опубліковано 31 тра 2024
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Looking for your first investment property? This is where to start! Today, we’re walking through how to analyze an investment property step-by-step. And we’re not just going through the regular "rent - mortgage payment - expenses = cash flow" numbers; we’re going to go even deeper, helping you analyze real estate markets, too, so you can buy the best property in the best market imaginable. Ready to start? In just thirty minutes, you’ll learn how to analyze a rental property like a pro.
We picked a random rental property in a traditionally cash-flowing real estate market: Des Moines, Iowa. Whether you have an interest in investing in the Midwest or not, this step-by-step real estate analysis will show you how to know whether a rental property is worth buying no matter WHERE you invest or how much money you have to spend. Plus, we’ll show you how to MAKE a deal when the numbers aren’t what you’re looking for!
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Rental Property Calculator: www.biggerpockets.com/rental-...
Rent Estimator: www.biggerpockets.com/insight...
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Data From This Video:
FRED: fred.stlouisfed.org/
Redfin: www.redfin.com/news/data-center/
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FRED® Graphs Federal Reserve Bank of St. Louis. 2022. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis.
00:00 How to Analyze a Rental Property
02:55 Is Now a Good Time to Invest?
04:00 The 3 Steps
07:39 Real Rental Property Example
09:14 1. Macroeconomic Conditions
12:01 2. Local Market Conditions
15:54 3. Running the Numbers
26:04 MAKE It A Deal!
32:21 Easy Analysis Tools
Excellent!!!!
Thank you for sharing 👍🏻
Great video! I just made a video on this last week. I need to up my quality game though, comparing to this one! The market I invest in is very different to what you are in but the concept is still the same. I just look for a much higher CoC return, due to the lack of appreciation on the homes here. I am glad you do 1 month of vacancy. Many investing I am seeing do 4% or 5% vacancy. To me it makes sense to allow for one month out of the year to be vacant. If some one leaves the unit you are going to have 1 month at least of it being empty between cleaning and fixing things and the showing the unit for the next tenant. Also, a good tenant is going to give their previous landlord a 30 day notice before they move into your place anyway.
Man I wish I had this years ago! Thank you!
Great video! Thank you!
Always getting my knowledge in with you gents, bless
What’s the tools u e using ?
Mind blowing...🍾🍺🍺🥃🥃
Colombus ohio i a sheethole stop the bs f wins every time over hy dump
If you do this again change your rent growth to show the 3 yrs before covid kicked off and the kast 3 yrs of growth