Analyzing Deals for a Turnkey Investment
Hi BP,
As I get closer to purchasing my first Rental Property, I wanted to be very clear on a couple of things in regards to analyzing deals, I've read The Book On Rental Property Investing by Brandon Turner, in the book Brandon speaks about the numbers for analyzing a deal and I wanted to be sure since this book has been out for 7+ yrs. Can someone please confirm the numbers I should run for analyzing a deal? Are the numbers realistic in 2023? I am looking at passive income (Turnkey Rental) and wanted to make sure I get the best deal I can possibly get by having accurate numbers so I can make a sound decision. Your input will be greatly appreciated.
Repair - 5%
CapEX - 5%
Vacancies - 5%
Property Management - 8%