Introduction

This chapter covers the concept of house hacking, evaluating deal formulas, determining offer price without full property details, running comps for ARV, and the importance of taking action.

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Episode notes

You could spend HOURS breaking down deals for cash flow, cash-on-cash return, return on investment, price-to-rent ratio, and countless other metrics. What do these terms mean, and which one is most important when analyzing rental properties? Today, we’ll show you how to streamline this process so you can check out MORE deals!

In this Rookie Reply, you’ll learn how to analyze deals the right way, find off-market properties without spending a dime, and make offers on properties you haven’t seen. We also get into house hacking and why covering your mortgage payment isn’t necessary for a great deal. Finally, stick around until the end for the inside scoop on our hosts’ most recent ventures. Tony spills the beans on his first commercial property, while Ashley shares about the “pocket listing” she landed in the city!

If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover:

The most important metrics to look at when analyzing a deal

How to find off-market real estate deals for FREE

How to make an offer on a property you haven’t seen

Why you should house hack (even if it doesn’t cover your mortgage!)

Tony’s UNIQUE commercial real estate investing experience and Ashley’s “pocket listing” gem

And So Much More!

Links from the Show

Find an Agent

Find a Lender

Ashley's BiggerPockets Profile

Ashley's Instagram