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
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243: The Short-Term Rental Cheat Code for More Bookings and Fewer Fees in 2023 w/Mark Simpson
242: Rookie Reply: How to Get a Better Price on That Off-Market Property
241: From Line Cook to Long-Term Investor with 32 Wholesale Deals w/Sahleem Lee
240: Rookie Reply: How to Get a Better Price on That Off-Market Property w/Ethan Wilson and Jamil Damji
239: The Rookie's Guide to 2023 Goal Setting: How to Achieve HUGE Goals This Year
238: Rookie Reply: Section 8 Investing and Which Cash Flow Markets Make Sense w/Ashley Hamilton
237: The Cash-Flowing Car Wash and Early Retirement Through Creative Real Estate w/Daniel Schiermeyer
236: Rookie Reply: Creative Financing 101 with No Cash, Credit, or Credentials w/Pace Morby
235: Investing in 100-Year-Old Homes Straight Out of College and the "PRR" Method w/Amy Wright and Mitch Mathern
234: Rookie Reply: You DON'T Need Experience to Invest in Real Estate w/InvestorGirlBritt
233: $1.1M in Real Estate at 21 WITHOUT a W2, Tax Return, or Degree! w/Logan Kohn
232: Double Your Cash Flow Overnight (In ANY Market) with Medium-Term Rentals w/Sarah Weaver and Zeona McIntyre
231: Semi-Retired at 30 Thanks to One Year’s Worth of Real Estate Investing w/Jessie Dillion
230: Rookie Reply: The 1% Rule, Turnkey Rentals, and Escrow Accounts Explained w/Zach Lemaster
229: Cashing In On Overlooked Off-Market Deals & Overcoming Analysis Paralysis w/Ryan John
228: Rookie Reply: How to Beat Cash Buyers, Tenant Brawls, and Appraisal Tips
227: The Vice-Principal Who Built a 9-Unit Rental Portfolio on The Weekends w/Mackenzie Grate
226: Rookie Reply: Financing Your First Rental, Leases, and High Interest Rates
225: Tiny Homes, Huge Profits: $6,000 a Month from 1 Property! w/Josiah Hein
224: It’s Not All About Cash Flow: 4 Ways Real Estate Makes You Rich w/Dave Meyer and J Scott
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