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How to Find and Analyze a Rental Property
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- čas přidán 30. 03. 2017
- Brandon Turner, co-host of the BiggerPockets Podcast, show's you step by step how to find and analyze a rental property!
(Facebook Live Recording 2.20.17)
www.biggerpockets.com
biggerpockets
Oh and another thing to add, To those of you whiny babies out there, this is the behavior of someone that is excited about the information he wants to share with us. Brandon loves what he does and as you can tell he is enthusiastic. Brandon, yourdoing just fine! xoxo!!
Agreed. I think those whiners just aren't able to comprehend his strategies for themselves.
This is why bigger pockets is THEE BEST!!
Dude why are people bashing this??? This is FREE information! Anyways good job! I truly enjoyed this and it's truly very informative!!! I will be watching a few more times to get all the details, thank you! Will be looking forward to your webinars too!
AesthSynes agreed
Great video👍 your teaching method is outstanding I've been watching your videos for a couple weeks now. Very grateful for the content thank you very much.
Such amazing content! Thanks Brandon and BP for giving great wisdom
Thank you Brandon!!! I am learning so much from you and Josh. I love the videos. You are helping me to Be inspired. Think big. Take action . A month ago I closed my first rental property since I started watching you guys. Cheers for many more to come. Claudia B.
Thank You for your, time, and free great information! Awesome!
30:51...... absolutely hilarious. More importantly great info thank you much for the content!
Love the whole Romper Room feel. Seriously, I'm paying attention.
Why doesn't this have more views... Very Informative.
Such great info! Wish you went into more detail on how you came up w your ARV but I will watch other calculation videos to see if you go into more details in any of those. I don't have access to MLS currently so having to do make-shift comps so curious about how you do yours.
Thank you Bandon for showing us this! Sure are some whiny babies out there in Comment land...All I know is BPs provides way more valuable content than all of us could afford! God Bless BPs!
These are CZcams comments. I'm surprised that there isn't an active argument over theology or politics. Yay for progress!
Great info here. It’s very difficult to invest and save. This shows people can do it
Thanks for Great information. 👌
Thank you for your informative videos Brandon. It is very helpful when you go through and analyze a deal while talking through your thought process. This video could be even better with higher quality video and audio so that we can see what you see on your screen. Good video!
It was recorded live from Facebook. We figured the information was good enough, but we will make sure to add a HQ version later! Thanks for the feedback.
BiggerPockets I thought this video was perfect not only informative but your also not boring like everyone else lol. I am a new subscriber.!
Does anyone know how he pays off the private money lender after the first year before refinancing? Does he take the money from the refi to pay back the PM lender and refi the home?
He pays off the lender after the refi
@Micheal Bowling. ..Tbe repair $$$ is combined with the purchase price when you do the calculations for the property rewatch the the video Dude! pay attn.
Can u compile 1 video for all deals u analyzed of different price range from all your webinars? cause in my area nothing below 200k
Another option for planning for retirement is to schedule your payoff to occur in your late 50' or early 60's. Then at retirement, you are cashflowing the full amount without the costs to service the loan.
I know this may be a stupid question. But, how much money do you think I will need to get in and buy my first forclosed multifamily. Just curious and should I right away start a LLC being the fact I own my home I'm living in now?
@Micheal Bowling... go on to the Bigger Pockets website and Mingle. i am sure someone will give you directions how to go abt finding Hard Money lenders. watch the podcasts. Call up every small local bank in your area. even if you have to call 100 of them. Do your homework. use the calculator Brandon just showed us. and take it with you tonthe meeting. you have to show the deal makes sense. Good Luck!👍
Saxon Harris great advice thanks a lot for your help. I'm going to re watch the video in a more quit atmosphere
$100 dollars a month in cash flow - the Sub30k crew and BP really are on different pages - I just can't argue that being okay....You can't depend on market appreciation (especially with rising interest rates after 20 years of artificially low interest rates and exponential price increases), but the thing is - someone who has a LOT of money is okay with that return, but when you don't have half a million in the stock market making 3% (and you're a lot more humble in pockets like myself), you just can't always play the game any other way than the lower priced rental markets. However, I get it - some of these neighborhoods make a lot of investors VERY nervous, so its not for everyone! Where are the BP articles on flipping or wholesaling or multifamilies - missing those.
AffordableREI
Bae 😍😍. Love your videos.
Good Deal on paper but... the facts of the local law, history, utilities, mold, etc... of course must do even details about the area RENTS FIRST ! Brandon knows info...folks this just a quickie intro to financial run down. Thanks so much for your Share here ! My close examination would be what is causing the drop in price and vacancy reasons. May be gold... may be MUD. "Maximum Un-Desireable".
Lol, at about 17:55 "Hey if you're multi-tasking I want you to pay attention" caught my attention and I stopped doing everything
I've tried to run the calculations multiple times to see where the "Total Cash Invested: $18,000" at 25:32 , but I simply cannot derive how that's broken down. Could somebody please help with this?
Awesome. Soooo cute. Rosie
At 20 Minutes you say "once the refinance happens" do you have a video on why and when to refinance?
Hey first time on here!
Sweelen That’s crazy that’s my favorite band
how can I find your podcast you do on Wednesday on the BP app
what is another calculator besides bigger pockets?
Can you please make a video on how to analyze deals by hand
What do you mean by hand?
Beautiful & great video
You can print a tee with the logo reversed so it will appear correct on video.
or flip the camera LOL
what site is he on at 16:30
Brandon can I pay you to hold my hand through my first deal? Ill let you keep the spreads too!
What happens to your finances if you do three of these and the market appreciation after five years with the remodel is not 90K. You pulled out all equity or most of it, I suspect if you had to raise money and sell at a bad time, it’s a mess and a risk a lot would not want to incur.
Additionally, with renters leaving or cost of eviction & recondition the property for next tenant. Hidden cost not captured.
Why did you not cover this risk related to appreciation of the property and if it does not the refinance & little to no equity risk? In addition, you should probably cover the median sales price in that area then look at recent sales to determine what is selling under what condition (remodeled or not) to confirm if 90K is reasonable assumption.
In his first calculation he says the purchase price is 50,500 and says the rehab cost is 25,000 which totals 75500. However he only borrows 65,000 for both purchase and rehab. Where in the equation is the rest of the 10,500 accounted for?
Does the property assessment value even matter to you?
Next band name: "Super High Quality Elephant"
Noah Johnson, Baton Rouge
When are you taking your coffee brand public?
Yes,very
25k house there, here where I live is like 200k
Good info when it finally happens. Should have been a 10 minute video, maybe 15. 47+ minutes is just too long
How do you figure out property taxes without a realtor agent
I finally found a reference to my suspicions about Josh. We have to find a manly version of Hannah Montana for Josh's alias, lol
Beard brothers unite!!!!!
how do you get the money for repairs?
If you can get someone (private money) to fund the deal they will usually cover the rehab costs as well! I believe Brandon mentions this in this video a little later!
BiggerPockets what if there is no way possible to get a private lender? I don't know anyone who would be willing to loan me over a grand!
exactly
www.biggerpockets.com/dohardmoney ! Never hurts to ask!
@AffordableREI any information you can give me will be helpful
Man those are some super cheap properties. I wish it was priced like that in the uk :( you can only get 2 garages for that price.
Great content definitely outshined the poor video quality .
$50,500 price is unrealistic. Average house price is $300,000. $50,500 is like down payment cost. Why your county house price is cheap? And analyzing cheap house isn't realistic because it does not apply to many people in this area. What do you think guys?
bro, you look like the lost brother of the youtube Bemtimm1
30:50 was that a frog?
Can't see your screen very well; makes it tough to connect with what you are saying.
Why not get your affairs in order before clicking “record”
And take your medication before as well, too much ADHD for me.
41:20 was That you Before Shaving ?
No Wonder Wifey is more Exited 😁😉
Goofy!! But good info!!
he cannot stay focused... way too many tangents.
Completely agree, guy is all over the place. So hard to watch
you gotta upgrade your camera man...
This was done live on Facebook using an iPhone. We thought is was good enough content to repurpose :)
Great content. Hate the back and forth flipping of the camera and your energy is way too high. Enthusiasm is nice but ADD energy is off putting. Find a balance ✊🏻
Madley Properties man I bet Bigger Pockets feels lucky to have such a prolific content creator as you give feedback on their videos!
This guy is very unorganized
Like most entrepreneurs lol. It may take a while to get to the point, but when he does it's gold :). Thanks for watching!
I just wanted to add some constructive criticism. Business/entrepreneurship is serous stuff and requires serious focus and evaluation in my opinion. I like Brandon, but I just wanted to say that being a little more serious could be beneficial. I have seen people loose a lot of money when not taking things seriously in business. I also understand that this is quasi-entertainment, so Good Job!
More entertainment and useful information! Donald Trump , Cardone and others are great at keeping the audience attention! Have fun with what you love to do!
Internal rate of return.
I love the chaos it helps me stay focus. Some people function well with sides jokes! Take notes to stay on track if you get lost. Oh yea, u can replay it 1000x 😂