Essential Property Analysis for Rookies

This chapter highlights crucial elements of property analysis that new investors often miss, including administrative costs like LLC fees and tax preparation. It emphasizes the importance of budgeting for expenses and understanding timelines for property closings and rehab periods, particularly in today's high-interest rate environment.

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Deal analysis is an essential tool in the investor’s toolkit and maybe the most crucial skill for breaking into real estate investing. Have you ever wondered how other investors can find a rental property, run the numbers, and buy with confidence? Well, you’re in luck because we’re dedicating an entire episode to this vital skill!

Welcome back to the Real Estate Rookie podcast! Today, Ashley and Tony are going to show you how to analyze real estate deals like a pro investor. First, you’ll need to determine your “why” for investing and choose your investing strategy. But after that, we’ll dive right into the most important factors to consider when breaking down a deal. Interest rates are a sticking point for many investors, and today’s high rates keep many of them on the sidelines. But we’ll share why this is a HUGE mistake and why your rate shouldn’t stop you from snatching up a great deal.

We’ll also discuss two types of properties that cash flow and how to find them, as well as how you can gain a competitive edge in your market by adjusting your buy box to include the properties other buyers are overlooking. Don’t go anywhere because we’ll even address some of the biggest mistakes we see rookies making—pitfalls that could hold you back from landing a home-run deal!

In This Episode We Cover:

The two things to pin down before you start analyzing properties

Two types of properties to buy if you’re investing for cash flow

Why you shouldn’t stop buying deals just because interest rates are higher

The most important factors to weigh for real estate investment analysis

The cash-flow-killing costs investors neglect when running the numbers

How to gain a competitive edge in your market by tweaking your buy box

Why you must niche down to neighborhoods when choosing where to invest

And So Much More!

Links from the Show

Ashley's BiggerPockets Profile

Tony's BiggerPokckets Profile