Episode #793

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!

Wait? Did David and Rob morph into the queen of upstate real estate, Ashley Kehr, and shortterm rental/skincare expert, Tony Robinson? Fortunately, David and Rob are safe and sound, and in this episode, Ashley and Tony from the "Real Estate Rookie" podcast will teach you EXACTLY how to analyze real estate deals in 2023. From longterm to shortterm 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 stepbystep through analyzing a real estate investing market, signs of one you should invest in, building your “buy box,” analyzing a longterm, shortterm, 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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Join the Real Estate Rookie Facebook Group:
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BiggerPockets Calculators Used in This Episode:
Rental Property: https://www.biggerpockets.com/rental...
BRRRR: https://store.biggerpockets.com/produ...
Rent Estimator: https://www.biggerpockets.com/insight...
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Tune into The “Real Estate Rookie” Podcast:
Podcast: https://www.biggerpockets.com/podcast...
YouTube:    / @realestaterookie  
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Grab Tony’s ShortTerm Rental Calculator:
https://therealestaterobinsons.com/ca...
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Other Tools Mentioned in Today’s Episode:
BrightInvestor: https://brightinvestor.com/
NeighborhoodScout: https://www.neighborhoodscout.com/
Policygenius: https://www.policygenius.com/pockets
PriceLabs: https://hello.pricelabs.co/therealest...
Propstream: https://propstream.com/bp
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Investor ShoutOuts:
Amy Mahjoory: @amymahjoory or   / amymahjoory  
Lattes and Leases: @lattes.and.leases or   / lattes.and.leases  
Zosia Madden (Rookie Ep 301): https://www.biggerpockets.com/blog/ro...
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or   / wealthfromrentals  
Tony: @tonyjrobinson or   / tonyjrobinson  

Show notes at: https://www.biggerpockets.com/blog/re...

00:00 Intro

00:48 Quick Tip

07:05 Choosing Your Market

10:04 Signs of a Solid Investing Market

15:52 Developing Your "Buy Box"

20:55 Financing the Property

24:43 LIVE ANALYSIS: SingleFamily Rental

39:51 LIVE ANALYSIS: Duplex (Multifamily Rental)

48:35 What's Changed in 2023

53:16 LIVE ANALYSIS: ShortTerm Rentals