How To Analyze A Rental Property For Beginners In 2024

Love the spreadsheet calculator, super simple

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

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

The GRM calculation is wrong on your model. It should divide yearly rent, not monthly

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

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?

Is the cash on cash return monthly or yearly?

I year is 12 months

I’m not lazy because I’d rather spend 12.50$ on a spreadsheet that would take me an hour to make lol it just makes sense

good stuff

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

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

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.

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

Can I use this method in Australia?

Sean I noticed your mortgage was 30% I don't get it tho after my down payment will the mortgage handle the property payment

Sean please is it advisable to buy a condo

What would be a good Cash on Cash return if you are paying for the property in cash?

Really cool I will use this in my future!

The 1% rule tells me to pass on this one.

Shawn tell me i bought a house for 40k and pple that pay me the rent are paying 1k a month is that ok?

They probably bought that $84K property cash..

is so easy to create a exel sheet and do the math but this guys are trying to sell the exel sheet, madness!

Can we use a dollar amount for property taxes on the calculator or does it need to be as a percentage?

When does the 1% rule not apply? For example if you purchase a home for 600k you would have to rent it for 6k/month. It's a little steep for rent. Appreciation in the area is great, but the rent would be closer to .7% or .8%

I have no idea what half of what you said meant. Maybe a video to break down some of the terms?

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.

Great video! Analyzing rental properties can be tricky, but you explained everything so clearly. This is definitely a great resource for beginners. Thanks for sharing!

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

This is helpful. Thanks!

Absolutely unrealistic in today’s market.

Where's the spreadsheet and coupon?

How is it possible to get the 1% rule when house prices aren’t below 400k

Any recommendations for someone wanting to invest in Los Angeles?

Dont see link and coupon for the spreadsheet?

There are places in the us where you can rent a house for $1400 😮 I can't get a 1 bedroom apartment for that in Massachusetts😢...I need to move.

Fix and rent.

real estate price increased a lot since pandemic, its really hard to find ones that meet 1% rule now.(one month rent=1%of home price)

Thank you

First one