Episode #305
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!
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Join BiggerPockets for FREE 👇
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Become a BiggerPockets Pro Member and Unlock UNLIMITED Calculator Use:
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/lendermatch
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BiggerPockets Calculators Used in This Episode:
Rental Property: https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media
BRRRR: https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=owned_media
Rent Estimator: https://www.biggerpockets.com/insights/property-searches/new?utm_source=owned_media
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Tune into The “Real Estate Rookie” Podcast:
Podcast: https://www.biggerpockets.com/podcasts/real-estate-rookie?utm_source=owned_media
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Grab Tony’s Short-Term Rental Calculator:
https://therealestaterobinsons.com/calculator/
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Other Tools Mentioned in Today’s Episode:
BrightInvestor: https://brightinvestor.com/
NeighborhoodScout: https://www.neighborhoodscout.com/
Policygenius: https://www.policygenius.com/pockets
PriceLabs: https://hello.pricelabs.co/therealestaterobinsons/
Propstream: https://propstream.com/bp
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Investor Shout-Outs:
Amy Mahjoory: @amymahjoory or https://www.instagram.com/amymahjoory/
Lattes and Leases: @lattes.and.leases or https://www.instagram.com/lattes.and.leases/
Zosia Madden (Rookie Ep 301): https://www.biggerpockets.com/blog/rookie-301?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/
Show notes at: https://www.biggerpockets.com/blog/rookie-305?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
07:58 Choosing Your Market
10:57 Signs of a Solid Investing Market
16:45 Developing Your "Buy Box"
21:48 Financing the Property
25:36 LIVE ANALYSIS: Single-Family Rental
40:45 LIVE ANALYSIS: Duplex (Multifamily Rental)
49:29 What's Changed in 2023
54:10 LIVE ANALYSIS: Short-Term Rentals