How To Analyze A Rental Property (The Quick & Dirty Way)
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- Опубликовано: 31 май 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
*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😁😁
All that info in 10 mins or less - amazing
As an immigrant to America I am so thankful for this channel
Super simple, fast, quick, and dirty! Just how I like it! Great breakdown, Brandon. Love the UI on the BP calculators.
Love this type of video. Quick walk through of analyzing a property. Helps a lot. 👍🏽👍🏽👍🏽
This is awesome Brandon. Continue doing videos like this. I found this very valuable and information. Quick and easy to understand. Thank you.
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!
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 🔥🔥👍👍
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
Omg this was exactly the type of video I was looking for, just raw uncut how to example of how to do these things
Incredible info. Thank you so much for helping us all towards financial independence 💰🙏🏼
This was one of the most informative videos I’ve seen. Thank you so much!
Helpful instructions to analyze the property before investing. Thank you for the valuable tips.
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"
Great job breaking all of this down! Thanks !
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 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.
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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these calculators look super helpful. 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.
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
I love your videos, thank you for all the education. You rock!
Great tool to clear thoughts and easy homework!
That joke about "Dancing with the stars" was good. I almost turn my TV off))
This was extremely helpful! Thank you
Awesome! Subbed... I'm just getting educated and your channel has been great!
Bravo! What an excellent an informative video. Thank you for sharing.
Thank you for the video. I’m a noob and I have been bingeing your videos.
Thank you so much, please make more videos for analyzing.😊👍🙏
That's a dope program you guys created. Everything looks clean and professional.
Great video! I will watch it again with my notepad.
AWESOME CONTENT!!!! Thanks Brandon!!!
Awesome video. More than any time I can recall, something irl happened, I thought I wanna look a thing up online/RUclips, and I found the thing to solve my question on the first click. Liked and subscribed. Thanks homie.
Thanks for your contributions.
Quick and to the point! New subber here. Keep up the great work!
Hey Brandon! Another state added to the list! Awesome!
Love this channel so much.
you have earned my sub...super informative thanks 👍
Hey great calculator, is there anyway we can change the currency , I'm in South Africa and would like to utilise this
So helpful. Much Appreciated!!!
I love that rentometer site!
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?
This is great info. Love the calculator
I just came across your channel and am thankful for the content your putting out. Just subscribed to your channel.
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GREAT CASE STUDY!!!! More Please 😁
Great content which I will be applying when I buy my 3rd property next year before my 24 birthday
Thank you Brandon
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!
Thank you !!
Thanks Brandon am going to use that calculators
I really enjoyed it. great !
Thank you God for these resources that’s being offered for free. I’m amazed.
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
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?
Crazy seeing your home town in a Bigger Pockets video. That property is now worth $365k as of Oct. 2022.
Thanks for sharing that video. I hope to see more like it in the future.
Very helpful !! Thank you
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.
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
That was amazing thanks for showing us that!
So helpful!!! TFS.
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!
Love this. 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
Underrated video
This was super helpful!
AmaZing dude. Thank you!
Damn this video was AMAZINGLY INFORMATIVE
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....
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
Brilliant video for people like me just starting out. Thanks so much man!
mdms
awesome video bro thank you
I love this. Please do more
Brandon, what's the largest size multifamily you can use the calculator on?
thanks,
An ad came on right after he said "Bye guys!" Would have been incredible if it were for Dancing with the Stars (it was Unicorn Hunters, sadly).
Since the property value and equity would increase overtime, would you increase the renting price by year or what period and amount?
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.
This is really great!
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?
Super helpful!
Amazing video but does anyone know of an alternative website that allows for this level of efficiency (PDF included) but can be accessed from Canada?
Great video!
I love it, I just bought a duplex in Texas, do more videos like this please, thank you 🙏
Hey! Any chance that calculator could be modified to work in Canada as well?? Or any suggestions for everyone in Canada?
I’ll be signing up!
Keep the texas series going with dalls/dfw.
1024 Southmoor Dr, Arlington, TX 76010 fourplex
This video was awesome
Please create more videos like this one!
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!
Is there a Canadian version of that tool? From what I saw, this one can only evaluate American properties... :/
how did you get the paste history option? I notice when you pasted you were able to select from several options, which app are you using?
That’s crazy easy.. I hope I have the same data base/calculator in Spain.
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
When do you have to pay bank loan back? Like what’s the Time duration we can get & is it fixed rate ? 😒