Mastering Property Analysis: Avoiding Costly Mistakes

This chapter explores the essential steps in analyzing rental property deals using a specialized calculator. It emphasizes the significance of budgeting for costs and how thorough financial analysis can prevent costly investment mistakes.

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Episode notes

Buying an investment property is a lot like exercising. At first, you don’t know any of the verbiage, then you start learning the tools, and finally, after some repetition (and help from those around you), you can become a real estate (or jiu-jitsu/weight lifting/yoga) expert! Think of David Greene and Rob Abasolo as your spotters for today’s deep dive into buying a rental property. Their advice will help you lift the weight, even if you feel uneasy at times!

David and Rob, unsurprisingly, started out like everyone else in the real estate investing space. They had no deals, no experience, and not a lot of money. But, over the past decade, both have become experts in their specific investing niches—through trial and a lot of error. Now, they bring you more than a decade worth of combined experience so you can stop hesitating and start taking action.

If 2022 is the year for you to start building wealth and pave your path to financial freedom, then this is THE episode to listen to. David and Rob discuss the five most common rookie real estate mistakes and six bite-sized steps that will allow you, no matter your experience, to buy your first, or next, real estate deal. They’ll also give a full walkthrough on how to analyze a real estate deal, plus a special bonus that will allow you to hyper-accelerate your growth in the real estate investing world!

In This Episode We Cover

The two biggest hurdles that stop people from ever investing in real estate

The wealth-building “pillars” that all investors must know before they start investing

Five common mistakes that almost every real estate rookie will face

Why new investors should “commit” before they start educating themselves

Using your network around you to find real estate leads, financing, and contractors

How to analyze a deal for free using the BiggerPockets Rental Calculator

And So Much More!

Links from the Show

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