How to Analyze a Rental Property or Airbnb as a Complete Rookie

Episode #305

Don’t know how to analyze a rental property? After this episode, you’ll be a rental property analysis pro, knowing exactly how much money you’ll make on your first, second, or next real estate investment. But don’t worry; you won’t need any complex formulas, dense spreadsheets, or complicated math to calculate how much cash flow you’ll collect from your real estate deal. Instead, you can use the EXACT methods we show to analyze investment properties in minutes, EVEN if you’re a real estate rookie!

In this episode, Ashley and Tony will teach you EXACTLY how to analyze real estate deals in 2023. From long-term to short-term rentals, BRRRR properties, and choosing your real estate market, Ashley and Tony will go through everything you need to ensure your first or next real estate deal is a home run.

Our hosts will go step-by-step through analyzing a real estate investing market, signs of one you should invest in, building your “buy box,” analyzing a long-term, short-term, and BRRRR investment property, and how the 2023 housing market has changed. If you’re still waiting to get a rental property under contract, this is the place to start!

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BiggerPockets Calculators Used in This Episode:
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Grab Tony’s Short-Term Rental Calculator:
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00:00 Intro

07:58 Choosing Your Market

10:57 Signs of a Solid Investing Market

16:45 Developing Your "Buy Box"

21:48 Financing the Property

25:36 LIVE ANALYSIS: Single-Family Rental

40:45 LIVE ANALYSIS: Duplex (Multifamily Rental)

49:29 What's Changed in 2023

54:10 LIVE ANALYSIS: Short-Term Rentals

[WhopperBu]

Amazing details! Wrote down everything. Thank you to you both.

[ryambel]

Ashley and Tony since I found you too, my commutes was never be this exciting. Thank you so much! Not starting yet still in the stage of stalking yous' in Podcast. From Canada here

[richardjudge]

Always great leaning from you Tony and Ashley.

[michaelharrington]

Awesome summary of the key considerations for LT rental and ST rental investments. Everything was so clear and easy to follow.

[drydock]

Love u both! Its like my morning ritual. Gets me going and motivated

[karenwhite]

Ashley and Tony, I really appreciate this breakdown on the subject matter. Investors say “the numbers need to make sense.” We need to know our purpose for the numbers to make sense. A lot of terminology is used that you both have clarified. Thank you so much.😊

[victoriousjata]

Ashley, did you use a regular business line of credit or a real estate specific line of credit?

[nicknite]

Question - Are you both affiliated with the sites like 'PriceLabs' or 'neighborhood scout'. Also Tony you left out the expenses in your evalutaion of short term rental.

[unclephil]

My issue is, where did ashley get the info from, when she showcased her google documents. Did she do it herself? What websites did she use? Etc etc.

[DasGonz]

What's that difference between hard money and private money?

[denniso]

Hello Rookie, what will you do if you are buying and the appraisal comes back to be LESS by couple of thousands than the seller's posted buying price ? Thank you

[Player-gndc]

"Cleaning fee income"
One of the main reasons people are migrating back to hotels.
Can't wait for the Air BNBubble to burst on you greedy people 🤣