How To Analyze A Rental Property (The Quick & Dirty Way)

[@OhRockoh]

I literally just bought the duplex that was listed below this one in the video! Lol that’s crazy.

[@Parpl22]

how much did you pay? 350K?

[@OhRockoh]

I got it under contract for 220k

[@worldwideachievers1234]

@@OhRockoh did you go private note? What was the asking price $350k?

[@OhRockoh]

@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.

[@worldwideachievers1234]

@@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.

[@morphakun]

PLEASE do more videos like this, analyzing deals.

[@meirgreenblatt]

He does a lot of them in the webinars, I really recommend them

[@Freaysclaw56]

All that info in 10 mins or less - amazing

[@johnnyb33good21]

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

[@gcg8187]

$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.

[@johnnyb33good21]

@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

[@IMAN-hc3fz]

@@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

[@certifiedkyn9728]

Hey man! Can you actually mentor me a little while I go through all of this KZbin channel? I’ll drop my personal number or something I’m completely serious

[@molsharma4943]

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 ;

[@obugabriel5794]

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 🔥🔥👍👍

[@jennycelaa]

As an immigrant to America I am so thankful for this channel

[@Andradi303]

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!

[@BryceMatheson]

Super simple, fast, quick, and dirty! Just how I like it! Great breakdown, Brandon. Love the UI on the BP calculators.

[@velwear]

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. 👍

[@mp0009075]

Hello Can you teach me how you came up with a faster way to analyse a property?

[@franzwilhelmstoetter8350]

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!

[@aflippingg4340]

Lol cuz there not profitable unless it's obtained via creative financing

[@franzwilhelmstoetter8350]

@@aflippingg4340 I guess no one is replying....

[@OMOREDE13]

Thank you God for these resources that’s being offered for free. I’m amazed.

[@Misdetection]

Omg this was exactly the type of video I was looking for, just raw uncut how to example of how to do these things

[@carleonekyle]

The Bigger Pockets tools are so user friendly and efficient at capturing the critical details. A Pro membership is excellent value.

[@UnkoB-jo]

This is awesome Brandon. Continue doing videos like this. I found this very valuable and information. Quick and easy to understand. Thank you.

[@RyeGuyOutside]

Awesome video. More than any time I can recall, something irl happened, I thought I wanna look a thing up online/KZbin, and I found the thing to solve my question on the first click. Liked and subscribed. Thanks homie.

[@JustAvignone]

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.

[@m77ast]

You are the king. I’m going to go and understand the different elements of your calculation - this is good.

[@BuckBowen]

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).

[@516estrela]

I learned so much from this video, thank you!

[@MarioRuscovici]

I'm grateful for the quick & dirty analysis and the commentary and the "what if I lower my offer"

[@bodegabiggavelle9213]

You don’t have to type in the mortgage for the house when crunching the numbers?

[@garryntsowe3573]

you have earned my sub...super informative thanks 👍

[@mindofigor]

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?

[@philiplapinski7439]

Op Hs cash on cash percentage, aka cash on cash return

[@calivalley9056]

Taxes: Some states have deductions for age or homestead. I have found that many times the reported taxes can be significantly off on realtor. I also look them up in the county websites for that property. Also, HOA’s, yes they are deductible but many times the info reported is not up to date.

[@meirgreenblatt]

That is why you most check the numbers before closing with the HOA and with the county. And you can calculate the maximum~ tax you will pay by calculating the amount you payd * the tax % in the area...

[@adolpholiverbush5867]

Or look at a better state lol I'm in the process of buying my first property and it's 220k taxes are about 1200 per year here in Indiana.

[@calivalley9056]

Zack Howard I live in California but buy in Indiana, I’m originally from there. Prices are rising very vast there now as well. Taxes, not so much, one of rentals is only $700 year.

[@juanosorno8153]

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.

[@Sef...]

GREAT content. Thank you for taking the time.

[@andyvaldez4334]

I just came across your channel and am thankful for the content your putting out. Just subscribed to your channel.

[@larrygarcia9048]

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[@Falanu]

I love that rentometer site!

[@Mister.Doodler]

Great work and will this calculator work in India. Do you have an option of changing currencies and locations?

[@Johnx8891]

Love this type of video. Quick walk through of analyzing a property. Helps a lot. 👍🏽👍🏽👍🏽

[@jacobflores6479]

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 🙏🏾

[@leivaandre]

The beautiful thing about real estate is there is never a wrong time to start, regardless of your age!

[@jordyngegg6638]

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

[@maalikserebryakov]

@@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

[@wesp246]

This was one of the most informative videos I’ve seen. Thank you so much!

[@ryankressly920]

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

[@ange1vega]

AWESOME CONTENT!!!! Thanks Brandon!!!

[@francistheinvestor766]

Great content which I will be applying when I buy my 3rd property next year before my 24 birthday

[@mathieuparent5793]

Does this site only work for properties in the US, or does it work for Canada also?

[@JuanHernandez-gs8yg]

*Disclaimer, you have to pay for membership to get these reports from the calculators. Just a fyi.

[@88KeysIdaho]

I wondered. Even the template / tool I tried to use, doesn't seem to have the same options.

[@EricaCauley]

Good to know!!

[@hotapropertiesllc1212]

However, you can use them up to 5 times for free.

[@2rebel85]

How much you gotta pay ?

[@JARRAEDIEZ]

The game is to be sold, not told😁😁

[@sisterstaketoo1981]

Thank you for the video. I’m a noob and I have been bingeing your videos.

[@marcduchamp5512]

Do you need BiggerPockets membership to use any of these calculators?

[@rentospropertymanagementso4895]

Helpful instructions to analyze the property before investing. Thank you for the valuable tips.

[@itspradda]

Damn this video was AMAZINGLY INFORMATIVE

[@LiveMoreDoLife]

Crazy seeing your home town in a Bigger Pockets video. That property is now worth $365k as of Oct. 2022.

[@wallthetime6592]

This video was awesome

[@WorldlyBudget]

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.

[@derekmelyndadeckens2982]

Bravo! What an excellent an informative video. Thank you for sharing.

[@Johnnytrades-LTE]

wow i just bookmarked your biiger pockets rental calculater thanks so much. i cant wait to get my first rental property

[@MrMathematics00va]

I can’t wait to get mines as well! Hope u get it soon!

[@RealEstateWealthCoaching]

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.

[@MrCubansurfer]

Real Estate Wealth Coaching RehabValuator is excellent!

[@Mikey-zf4kg]

This is good but I’m having trouble finding the numbers to run in the calculator. Where do I go?

[@joe17390]

I really enjoyed it. great !

[@TheOddSavants]

Awesome! Subbed... I'm just getting educated and your channel has been great!

[@allbeforebreakfast3569]

Ur a g. I have a lot to learn

[@martinlopeziii3184]

Quick and to the point! New subber here. Keep up the great work!

[@leel6212]

Thank you so much, please make more videos for analyzing.😊👍🙏

[@dominicdolenti8699]

Incredible info. Thank you so much for helping us all towards financial independence 💰🙏🏼

[@Geekydrones]

Is it smart to look at hud home to fixup and rent?

[@jasonseekoei5392]

Hey great calculator, is there anyway we can change the currency , I'm in South Africa and would like to utilise this

[@dantu5377]

That's a dope program you guys created. Everything looks clean and professional.

[@ubongpatrick1493]

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?

[@Regina.Clarke]

I’ll be signing up!

[@jenbl5580]

I love this. Please do more

[@samsguidetotraversecity]

1% rule is a solid start. But If you really know your area and know what rents could be you can buy properties below the 1% knowing you can get it there and easily add value with rent raises. Some areas where I live, the taxes allow for an investor to cash flow less than 1%

[@zoeylockwood]

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?

[@sam10818]

4:41 how can you figure out that it is a high rent area by looking at the analysis?

[@lukaswalker7825]

Since the property value and equity would increase overtime, would you increase the renting price by year or what period and amount?

[@chamixone]

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!

[@frankpappalardo4455]

Thank you Brandon

[@krichards6460]

So helpful. Much Appreciated!!!

[@joseesquivel334]

Underrated video

[@paulpetrovich8779]

If I clear 6% on a condo after HOA, insurance, property taxes, is that a good buy? Thanks

[@mikeabernethy2080]

Great job breaking all of this down! Thanks !

[@jasonjosephlee]

Love this channel so much.

[@awongfilms1]

these calculators look super helpful. thanks!

[@sionbenjamin4513]

Great tool to clear thoughts and easy homework!

[@danahoward759]

He made this look easy

[@esmiley3]

Great video! I will watch it again with my notepad.

[@matthewerme8590]

How do you manage the property long distance? And videos or websites on property management?

[@dhruv7532]

Brilliant video for people like me just starting out. Thanks so much man!

[@timkeener319]

mdms

[@queennaomi7361]

Dose the calculator work on Canada?

[@williamdavis899]

Hello Sir I am new this business and I love watching your videos. My question is this. Is there step by step videos than are for new people? What I am saying is to watch this video first, this one second and so on. Right now I am jumping around from video to video trying to create a proper procedure in which video to which video I should be going to, to ensure that I am moving in the right direction. Do you have a facebook page I can go to and following along on my education process?

[@biggerpockets]

Hi William! I would recommend you check out our Real Estate Rookie KZbin channel www.youtube.com/@RealEstateRookie and Facebook page facebook.com/groups/realestaterookie/. It's a great community full of both new investors and seasoned investors ready to help!

[@jimpodolski7871]

You need to subtract the monthly mortgage right?

[@moniquejoseph5716]

GREAT CASE STUDY!!!! More Please 😁

[@jdebeauvoir]

Hi Brandon! Does the calculator take into consideration the bank payments for the loan? thanks, man!

[@stylesraw]

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.

[@vania9918]

This was SUPER helpful Brandon! Please do more

[@fredsalfa]

That was amazing thanks for showing us that!

[@derrickcarter5714]

Thanks for sharing that video. I hope to see more like it in the future.

[@waynemiller6070]

Thanks for your contributions.

[@atrank]

I have a question and need your help. Briefly- I have an opportunity to purchase my neighbor’s duplex (in upstate NY, outside Buffalo). I currently own two other duplexes on my street. One was purchased in 1999 (and I’ve lived in one unit ever since), and the other in 2005. The housing market is taking a downturn after record high increased values in the last 2 years, and we’re in a recession. Some say the decline will last for a decade, longer than any previous decline including 2008. My concern is not really a decrease in property value after purchasing the next duplex this year. My concern is a possible decline in rental rates due to an economic/housing decline, after I base my analysis on current rental rates and purchase the next duplex.

[@ninop5978]

Very helpful !! Thank you

[@brendonmccarthy8233]

This is great info. Love the calculator

[@darrienjames30]

@BiggerPockets Hi Brandon, thanks for sharing. I know closing costs are negotiable. Closing costs of $4,000 on a $280,000 property, is 1.4%, that seems low, to be conservative as you recommend, $4000 on $210,000 is still 1.9%. I typically find 4% total CC to be a reasonable number in metro Atlanta. Do you assume high closing ( that is worst case scenario you pay all CC (negotiate down later) from $8400 on 210,000. If not this may skew your CCROI. Based on your experience can you share more on closing estimation?

[@courtneyturner3326]

Curious as well

[@sam10818]

Closing cost includes loan cost (section A) plus other fixed costs such as title fees, recording, few months of taxes, HOA if any, insurance. Only section A is negotiable. Is this what you are trying to say?

[@jurybounackoff3025]

That joke about "Dancing with the stars" was good. I almost turn my TV off))

[@chrisgeld3147]

Great video lets go Brandon

[@ericp1969]

awesome video bro thank you

[@thesmokinhypnotist8978]

I love your videos, thank you for all the education. You rock!

[@thealgorist4160]

Do management companies find tenants and perform background checks as well?

[@ikechukwuuchendu5801]

Yes

[@Von_RX]

This is really great!

[@joshlessing303]

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?

[@nikolai1790]

Hello sir, how do you have multiple clipboards in macOS? if you don’t mind sharing

[@kukuna2012]

In my market, 280,000 is SFH with rent 1500 per month, which is half of the rental income in this example. Should I move to a market that make sense? Or take less profit and stick to MT market!?