I literally just bought the duplex that was listed below this one in the video! Lol that’s crazy.
@Parpl224 жыл бұрын
how much did you pay? 350K?
@OhRockoh4 жыл бұрын
I got it under contract for 220k
@worldwideachievers12344 жыл бұрын
@@OhRockoh did you go private note? What was the asking price $350k?
@OhRockoh4 жыл бұрын
@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.
@worldwideachievers12344 жыл бұрын
@@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.
@morphakun4 жыл бұрын
PLEASE do more videos like this, analyzing deals.
@meirgreenblatt4 жыл бұрын
He does a lot of them in the webinars, I really recommend them
@kenyonbissett35124 жыл бұрын
All that info in 10 mins or less - amazing
@johnnyb33good213 жыл бұрын
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
@gcg81872 жыл бұрын
$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.
@johnnyb33good212 жыл бұрын
@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-hc3fz2 жыл бұрын
@@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
@certifiedkyn97283 ай бұрын
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
@obugabriel57943 жыл бұрын
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 🔥🔥👍👍
@BryceMatheson4 жыл бұрын
Super simple, fast, quick, and dirty! Just how I like it! Great breakdown, Brandon. Love the UI on the BP calculators.
@Andradi3033 жыл бұрын
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!
@jennycelaa3 жыл бұрын
As an immigrant to America I am so thankful for this channel
@UnkoB-jo3 жыл бұрын
This is awesome Brandon. Continue doing videos like this. I found this very valuable and information. Quick and easy to understand. Thank you.
@Misdetection4 жыл бұрын
Omg this was exactly the type of video I was looking for, just raw uncut how to example of how to do these things
@516estrela3 ай бұрын
I learned so much from this video, thank you!
@franzwilhelmstoetter83502 жыл бұрын
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 Жыл бұрын
Lol cuz there not profitable unless it's obtained via creative financing
@franzwilhelmstoetter8350 Жыл бұрын
@@aflippingg4340 I guess no one is replying....
@carleonekyle4 жыл бұрын
The Bigger Pockets tools are so user friendly and efficient at capturing the critical details. A Pro membership is excellent value.
@JuanHernandez-gs8yg4 жыл бұрын
*Disclaimer, you have to pay for membership to get these reports from the calculators. Just a fyi.
@88KeysIdaho4 жыл бұрын
I wondered. Even the template / tool I tried to use, doesn't seem to have the same options.
@EricaCauley3 жыл бұрын
Good to know!!
@hotapropertiesllc12123 жыл бұрын
However, you can use them up to 5 times for free.
@2rebel852 жыл бұрын
How much you gotta pay ?
@JARRAEDIEZ2 жыл бұрын
The game is to be sold, not told😁😁
@mindofigor4 жыл бұрын
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?
@philiplapinski74394 жыл бұрын
Op Hs cash on cash percentage, aka cash on cash return
@velwear3 жыл бұрын
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. 👍
@OMOREDE133 жыл бұрын
Thank you God for these resources that’s being offered for free. I’m amazed.
@molsharma4943 Жыл бұрын
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 ;
@allbeforebreakfast35693 жыл бұрын
Ur a g. I have a lot to learn
@Sef...2 жыл бұрын
GREAT content. Thank you for taking the time.
@Johnx88914 жыл бұрын
Love this type of video. Quick walk through of analyzing a property. Helps a lot. 👍🏽👍🏽👍🏽
@joseesquivel334 Жыл бұрын
Underrated video
@Njsrufrider3 жыл бұрын
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
@jacobflores64792 жыл бұрын
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 🙏🏾
@leivaandre2 жыл бұрын
The beautiful thing about real estate is there is never a wrong time to start, regardless of your age!
@jordyngegg6638 Жыл бұрын
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
@maalikserebryakov6 ай бұрын
@@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
@dhruv75324 жыл бұрын
Brilliant video for people like me just starting out. Thanks so much man!
@timkeener3193 жыл бұрын
mdms
@frankpappalardo44552 жыл бұрын
Thank you Brandon
@Johnnytrades20244 жыл бұрын
wow i just bookmarked your biiger pockets rental calculater thanks so much. i cant wait to get my first rental property
@MrMathematics00va4 жыл бұрын
I can’t wait to get mines as well! Hope u get it soon!
@sionbenjamin45134 жыл бұрын
Great tool to clear thoughts and easy homework!
@jasonseekoei53924 жыл бұрын
Hey great calculator, is there anyway we can change the currency , I'm in South Africa and would like to utilise this
@joe173906 ай бұрын
I really enjoyed it. great !
@MarioRuscovici4 жыл бұрын
I'm grateful for the quick & dirty analysis and the commentary and the "what if I lower my offer"
@dantu53774 жыл бұрын
That's a dope program you guys created. Everything looks clean and professional.
@m77ast3 жыл бұрын
You are the king. I’m going to go and understand the different elements of your calculation - this is good.
@francistheinvestor7664 жыл бұрын
Great content which I will be applying when I buy my 3rd property next year before my 24 birthday
@juanosorno81534 жыл бұрын
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.
@jasonjosephlee6 ай бұрын
Love this channel so much.
@IIProViDzII Жыл бұрын
Why does the NOI seem off? How can it be 16k on this property if your monthly cash flow is only 215$?? (2500 a year) Someone please help
@wesp2463 жыл бұрын
This was one of the most informative videos I’ve seen. Thank you so much!
@danahoward759Ай бұрын
He made this look easy
@ange1vega2 жыл бұрын
AWESOME CONTENT!!!! Thanks Brandon!!!
@rentospropertymanagementso48954 жыл бұрын
Helpful instructions to analyze the property before investing. Thank you for the valuable tips.
@TheLeaAI3 жыл бұрын
Is there a Canadian version of that tool? From what I saw, this one can only evaluate American properties... :/
@JayMarkMarcos4 жыл бұрын
your annualized return numbers seem off. profits/48000 ?
@marcduchamp55123 жыл бұрын
Do you need BiggerPockets membership to use any of these calculators?
@mikeabernethy20803 жыл бұрын
Great job breaking all of this down! Thanks !
@ryankressly9203 жыл бұрын
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
@BuckBowen3 жыл бұрын
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).
@dominicdolenti86994 жыл бұрын
Incredible info. Thank you so much for helping us all towards financial independence 💰🙏🏼
@LiveMoreDoLife Жыл бұрын
Crazy seeing your home town in a Bigger Pockets video. That property is now worth $365k as of Oct. 2022.
@krichards64602 жыл бұрын
So helpful. Much Appreciated!!!
@danutdracula2 жыл бұрын
I love that rentometer site!
@sisterstaketoo19814 жыл бұрын
Thank you for the video. I’m a noob and I have been bingeing your videos.
@vania99183 жыл бұрын
This was SUPER helpful Brandon! Please do more
@jdebeauvoir4 жыл бұрын
Hi Brandon! Does the calculator take into consideration the bank payments for the loan? thanks, man!
@stylesraw8 ай бұрын
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.
@andyvaldez43344 жыл бұрын
I just came across your channel and am thankful for the content your putting out. Just subscribed to your channel.
@larrygarcia90484 жыл бұрын
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@awongfilms14 жыл бұрын
these calculators look super helpful. thanks!
@calivalley90564 жыл бұрын
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.
@meirgreenblatt4 жыл бұрын
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...
@adolpholiverbush58674 жыл бұрын
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.
@calivalley90564 жыл бұрын
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.
@derekmelyndadeckens29822 жыл бұрын
Bravo! What an excellent an informative video. Thank you for sharing.
@Mikey-zf4kg2 жыл бұрын
This is good but I’m having trouble finding the numbers to run in the calculator. Where do I go?
@WorldlyBudget2 жыл бұрын
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.
@lukaswalker78253 жыл бұрын
Since the property value and equity would increase overtime, would you increase the renting price by year or what period and amount?
@RyeGuyOutside3 жыл бұрын
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.
@wallthetime65923 жыл бұрын
This video was awesome
@garryntsowe3573 Жыл бұрын
you have earned my sub...super informative thanks 👍
@Regina.Clarke3 жыл бұрын
I’ll be signing up!
@ubongpatrick14933 ай бұрын
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?
@esmiley34 жыл бұрын
Great video! I will watch it again with my notepad.
@waynemiller60704 жыл бұрын
Thanks for your contributions.
@RealEstateWealthCoaching4 жыл бұрын
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.
@MrCubansurfer4 жыл бұрын
Real Estate Wealth Coaching RehabValuator is excellent!
@adrianareyesrealty28133 жыл бұрын
You are the best!
@bodegabiggavelle92132 жыл бұрын
You don’t have to type in the mortgage for the house when crunching the numbers?
@chrisgeld31472 жыл бұрын
Great video lets go Brandon
@jurybounackoff30252 жыл бұрын
That joke about "Dancing with the stars" was good. I almost turn my TV off))
@jenbl5580 Жыл бұрын
I love this. Please do more
@brendonmccarthy82333 жыл бұрын
This is great info. Love the calculator
@surendrashekhawat41554 жыл бұрын
When do you have to pay bank loan back? Like what’s the Time duration we can get & is it fixed rate ? 😒
@Daymickey3 жыл бұрын
So helpful!!! TFS.
@JustAvignone3 жыл бұрын
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.
@charmiemendoza59122 жыл бұрын
Damn, this is amazing!
@jackpeabs4 жыл бұрын
I ask because the version on the KZbin video is much more informative and clearer than the one currently on the bigger pockets website @biggerpockets
@HyramBautista3 жыл бұрын
Brandon, do you have a mentorship program? If so, where can I get connected with you?
@fredsalfa2 жыл бұрын
That was amazing thanks for showing us that!
@ninop59783 жыл бұрын
Very helpful !! Thank you
@samsguidetotraversecity34572 жыл бұрын
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%
@thesmokinhypnotist89782 жыл бұрын
I love your videos, thank you for all the education. You rock!
@TheOddSavants3 жыл бұрын
Awesome! Subbed... I'm just getting educated and your channel has been great!
@chamixone4 жыл бұрын
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!
@moniquejoseph57164 жыл бұрын
GREAT CASE STUDY!!!! More Please 😁
@paulpetrovich87792 жыл бұрын
If I clear 6% on a condo after HOA, insurance, property taxes, is that a good buy? Thanks
@jackpeabs4 жыл бұрын
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?
@johnmisenheimer74433 жыл бұрын
This was extremely helpful thank you!
@thealgorist41603 жыл бұрын
Do management companies find tenants and perform background checks as well?
@ikechukwuuchendu58013 жыл бұрын
Yes
@kukuna20122 жыл бұрын
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!?
@bigjack794 жыл бұрын
Keep the texas series going with dalls/dfw. 1024 Southmoor Dr, Arlington, TX 76010 fourplex
@leel62123 жыл бұрын
Thank you so much, please make more videos for analyzing.😊👍🙏
@Geekydrones2 жыл бұрын
Is it smart to look at hud home to fixup and rent?
@atrank Жыл бұрын
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.
@martinlopeziii31843 жыл бұрын
Quick and to the point! New subber here. Keep up the great work!
@SofiaanF4 жыл бұрын
Hey Brandon! Another state added to the list! Awesome!