How To Analyze A Rental Property For Beginners In 2024

In this video, I'll show you how to analyze a rental property for absolute beginners.

Buying a bad property can be a costly mistake, which is why it’s crucial to know how to analyze a good deal.

I'll walk you through the different formulas and spreadsheets that you can use to determine if a rental property is worth investing in.

Don't let the fear of analyzing rental properties hold you back from achieving your real estate investing goals!

✅ ✅ Property Analysis Calculator - 50% off!

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► If you want to learn how to start investing to eventually purchase your own property, then check out our latest course, Rental Ready Finances, where we help you fix your money so that you can be a real estate investor in the near future!

#realestateinvesting #realestate #realestateinvestor

*Please note that the information in this video is for educational and entertainment purposes only and should not be taken as financial or investment advice. Any investments or financial decisions you make based on the information in this video are at your own risk. The links in the description above may include affiliate commissions or referrals, and I may receive compensation from partner websites.

[markerpetertil]

Acquiring my first rental property was a pivotal step in my investment journey. It's not just about owning property; it's about generating passive income and building long-term wealth. Finding the right property, understanding the market, and managing it effectively have been key. I wasnt financial free until my 50’s and I’m still in my 50’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made

[haydenletch]

Your model calculated property tax wrong (185, 000 * .02 = 3700)

[cookeymonster]

Thank ya so much for making it easy for me to learn i cant wait to begin my journey

[pottersis]

Really cool I will use this in my future!

[MissEe]

Thank you!! I’ve been wanting to see someone in real time evaluating a property, where to find costs, etc.

[jPuma]

great video, but you wanna charge us for an excel spreadsheet wtf....

[jnice]

Question: is the total roi the home appreciation + coc return? Or just home appreciation? Thanks

[PewDiePie]

I am happy you are able to be doing videos and capitalise on what you like doing.
Too bad You first need to get an actual cashflow by getting a high paying job, before being able to start getting money with properties.😢

[MM-overtime]

I did not see the link for your spread sheet. Also great thorough video

[keaganbrenkman]

Is the cash on cash return monthly or yearly?

[DoubleBob]

I'd like to see a video about property managers. What to expect, what to look for, how much to pay them, how to do it yourself, what the risks are.

[grant]

Hello, I believe the Gross Rent Multiplier has the wrong cell reference, at least on the version I received!

Love the calculator, thank you.

[tyrone-tydavis]

1% rule is total BS in an appreciating market. You make a major mistake by buying into it because it completely misses rent and property appreciation as well as the tax reduction value of the property.

Real case current example...
Purchased a 4‐plex for $210k on 2018. Rents were <$500.

Today, rents are $1, 650, and because I've moved overseas, I am selling the property for $980k AND holding a mortgage of $700k @8.5%.

Got a calculator?

[michaelespinoza]

Love the spreadsheet calculator, super simple

[crypto_beast]

This was very informative, but can you make a video on short-term and long term rental properties. Airbnb etc

[venusdyk]

Love your videos! Have you ever thought about giving your calculator for free?

[noampaley]

If that property listed for a 185, and sold before for 84, I It's more likely that the renovation costs was 50k, not 30k - that will give the investor 20% of cash on cash return, which is pretty good for a flip transition. Another thing that you should put in that the interest rate will be mach higher if you bay a property in such condition, and you gonna have couple of vacancy mouth during the renovation period

[trevoradams]

Must be nice finding houses for 80-150k. That's what half the cost of lots go for in Ontario currently.

Can you do a breakdown for Ontario? Be curious what you can find

[investment]

Thanks for sharing! It’s very helpful. I’m wondering if you could make a video of how you can forecast the rental price will be going up 2-3% every year. If I’m a renter, I’d think if I’m paying for a higher price, why not move to a new one for the same amount of money? Everything will be new and fresh.

[veronicachung]

Dont see link and coupon for the spreadsheet?