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BiggerPockets Presents
How to Find, Analyze, and Finance an Incredible Rental Property Deal!
Presented by Brandon Turner Real Estate Investor VP, Marketing at BiggerPockets
Free PDF Guide: http://www.BiggerPockets.com/workbook
Thank You!
What Kind of Real Estate Investing Are You
Interested In?
How Many Rental Properties Do You Have?
About BiggerPockets
❖ Real Estate Investing Social Network, Marketplace, and Information Hub.
About BiggerPockets
❖ Real Estate Investing Social Network, Marketplace, and Information Hub.
- Real Estate Social Network - Forums - Marketplace - Podcast - Blog - Member Blogs - Ultimate Beginner’s Guide - Property Analysis Software - and a LOT more.
About Brandon (me)
❖ Real Estate Investor
❖ VP, Growth at BiggerPockets
❖ Cohost of the BiggerPockets Podcast
❖ Musician
❖ Blogger
❖ Math Nerd
❖ Cat and Dog Lover
Today We’re Going To Cover…
Today We’re Going To Cover…Rental Properties:
Today We’re Going To Cover…
❖How to Find (even in a hot market)
Rental Properties:
Today We’re Going To Cover…
❖How to Find (even in a hot market)
❖How to Analyze (so you don’t buy terrible deals!)
Rental Properties:
Today We’re Going To Cover…
❖How to Find (even in a hot market)
❖How to Analyze (so you don’t buy terrible deals!)
❖How to Finance(Even if you have no money!)
Rental Properties:
10 Ways to Find Great Rental Property Deals
10 Ways to Find Great Rental Property Deals
10 Ways to Find Great Rental Property Deals
❖ The MLS
10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars
10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars
❖ The BiggerPockets Marketplace
!
10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars
❖ The BiggerPockets Marketplace
❖ Eviction Records
!
10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars
❖ The BiggerPockets Marketplace
❖ Eviction Records
❖ Loopnet/CoStar
!
10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars
❖ The BiggerPockets Marketplace
❖ Eviction Records
❖ Loopnet/CoStar
❖ Online Advertising
10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars
❖ The BiggerPockets Marketplace
❖ Eviction Records
❖ Loopnet/CoStar
❖ Online Advertising
❖ Wholesalers
How to Analyze a Rental Property
How to Analyze a Rental Property
What Are We Looking For?
How to Analyze a Rental Property
What Are We Looking For?
• Cash Flow
How to Analyze a Rental Property
What Are We Looking For?
• Cash Flow • Appreciation
How to Analyze a Rental Property
How to Analyze a Rental Property
Cash Flow = Total Income - Total Expenses
Income Expenses
Income Expenses• Rental Income • Mortgage
!
Income Expenses• Rental Income • Mortgage
!
Income Expenses• Rental Income • Laundry Income • Extra Storage Fees • Late Fees • Other Fees and Charges
• Mortgage !
Income Expenses• Rental Income • Laundry Income • Extra Storage Fees • Late Fees • Other Fees and Charges
• Mortgage • Property Taxes • Insurance
Income Expenses• Rental Income • Laundry Income • Extra Storage Fees • Late Fees • Other Fees and Charges
• Mortgage • Property Taxes • Insurance • Flood Insurance • Vacancy Factor • Repairs/Maintenance • Capital Expenditures (CapEx) • Water\Sewer • Septic • Garbage • Fees/Permits • Other
Top Ten Mistakes Real Estate Investors Make When
Analyzing Deals
10. Relying heavily on the 50% Rule or 2% Rule
10. Relying heavily on the 50% Rule or 2% Rule 9. Underestimate repair costs to get it rent ready
10. Relying heavily on the 50% Rule or 2% Rule 9. Underestimate repair costs to get it rent ready 8. Forget closing costs
10. Relying heavily on the 50% Rule or 2% Rule 9. Underestimate repair costs to get it rent ready 8. Forget closing costs 7. Overestimating ARV and rental income
10. Relying heavily on the 50% Rule or 2% Rule 9. Underestimate repair costs to get it rent ready 8. Forget closing costs 7. Overestimating ARV and rental income 6. Counting on appreciation
10. Relying heavily on the 50% Rule or 2% Rule 9. Underestimate repair costs to get it rent ready 8. Forget closing costs 7. Overestimating ARV and rental income 6. Counting on appreciation 5. Relying on the “Pro Forma” from the Broker
10. Relying heavily on the 50% Rule or 2% Rule 9. Underestimate repair costs to get it rent ready 8. Forget closing costs 7. Overestimating ARV and rental income 6. Counting on appreciation 5. Relying on the “Pro Forma” from the Broker 4. Not planning for property management
10. Relying heavily on the 50% Rule or 2% Rule 9. Underestimate repair costs to get it rent ready 8. Forget closing costs 7. Overestimating ARV and rental income 6. Counting on appreciation 5. Relying on the “Pro Forma” from the Broker 4. Not planning for property management 3. Forget to include Vacancy costs
10. Relying heavily on the 50% Rule or 2% Rule 9. Underestimate repair costs to get it rent ready 8. Forget closing costs 7. Overestimating ARV and rental income 6. Counting on appreciation 5. Relying on the “Pro Forma” from the Broker 4. Not planning for property management 3. Forget to include Vacancy costs 2. Not accounting for CapEx
10. Relying heavily on the 50% Rule or 2% Rule 9. Underestimate repair costs to get it rent ready 8. Forget closing costs 7. Overestimating ARV and rental income 6. Counting on appreciation 5. Relying on the “Pro Forma” from the Broker 4. Not planning for property management 3. Forget to include Vacancy costs 2. Not accounting for CapEx 1. Not Doing an Analysis
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Why BiggerPockets Pro?
You are worried about buying a bad deal
Why BiggerPockets Pro?
You are worried about buying a bad deal
Why BiggerPockets Pro?
You need lenders, partners, or properties
You are worried about buying a bad deal
Why BiggerPockets Pro?
You need to connect with investors who can help you
You need lenders, partners, or properties
You are worried about buying a bad deal
Why BiggerPockets Pro?
You need to connect with investors who can help you
You need lenders, partners, or properties
You are looking to get noticed by the community
You are worried about buying a bad deal
Why BiggerPockets Pro?
You need to connect with investors who can help you
You want to support BiggerPockets
You need lenders, partners, or properties
You are looking to get noticed by the community
How Much Is BiggerPockets Pro?
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Sign Up Today to Get the 2012
BiggerPockets Summit Audio - 25 Hours of Real Estate
Investing Training - For Free With Your Pro Membership!
!!
❖ BiggerPockets.com/pro
Exclusive Webinar Discount
❖ BiggerPockets.com/pro
How to Finance a Rental Property
12 Ways to Finance a Rental Property
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12 Ways to Finance a Rental Property
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12 Ways to Finance a Rental Property
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❖ Conventional Loans
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12 Ways to Finance a Rental Property
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❖ Conventional Loans
❖ Portfolio Loans
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12 Ways to Finance a Rental Property
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❖ Portfolio Loans
❖ FHA Loans
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12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
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12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
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12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
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12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
❖ Partnerships
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12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
❖ Partnerships
❖ Hard Money (to Refi)
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12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
❖ Partnerships
❖ Hard Money (to Refi)
❖ Private Money
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12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
❖ Partnerships
❖ Hard Money (to Refi)
❖ Private Money
❖ Syndication
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12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
❖ Partnerships
❖ Hard Money (to Refi)
❖ Private Money
❖ Syndication
❖ Creative Combinations
Q & A Time
I am not a lawyer or accountant.!!
This not is not legal or tax advice.
Thank You!
BiggerPockets Pro❖ BiggerPockets.com/pro
Sign Up Today to Get the 2012
BiggerPockets Summit Audio - 25 Hours of Real Estate
Investing Training - For Free With Your Pro Membership!
!!
❖ BiggerPockets.com/pro
Exclusive Webinar Discount
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