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
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362: Rookie Reply: HELOCs Explained and How to Invest with BAD Credit
361: How to Buy Your First Rental Property When You CAN’T Get Approved for a Loan w/Mike Previtera
360: Trespassers Took Over My Property! (How to Get Rid of Squatters ASAP) w/Leka Devatha
359: From His Grandma’s Couch Making $15/Hour to $30K/Year from ONE Property w/Jaryn Pierson
358: Rookie Reply: Loan Pre-Approvals & Picking an Out-of-State Investing Market
357: The $120K Investing Mistake YOU Can Avoid on Your Next Home Renovation w/Justin Noe & Nate Cherubini
356: 3 Steps to Start Investing in Real Estate + 2024 Mortgage Rate Predictions
355: $25K/Month from ONE Property Thanks to a $180K Discount & Creative Finance w/Dayna Hicks
354: How to Unlock Off-Market Real Estate Deals with This “Personalized Pitch” w/Brett Long
353: From Rehab to Real Estate Investor Making $71K/Year from ONE Rental w/Matt McDermott
352: Rookie Reply: Seller Financing & How to Buy MORE Real Estate on YOUR Terms
351: The BEST Rookie Investor Tips, Tricks, Hacks, and Advice of 2023
350: Rookie Reply: How to Start an LLC for Real Estate Investing
349: How to Use Public Data to Find Real Estate Deals That 99% of Investors Miss w/Ariel Herrera
348: How to Take Your Real Estate Business to the Next Level in 2024
347: How to Quit Your W2 Job and Become a Full-Time Real Estate Investor w/Matthew Marcelissen
346: The Multifamily Investing Masterclass: How to Get Started in 2024 w/Andrew Cushman
345: 69 Doors from ONE Real Estate Deal Using Other People’s Money w/Andrew Freed
344: How to Build Wealth Through Real Estate FASTER with a “Limitless” Brain w/Jim Kwik
342: How to Buy Real Estate WITHOUT The Banks (Private Money Explained)
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