Quick Method to dismiss or look into rental property

[Tony Wallis]

I am looking for input on methods being used to quickly qualify or disqualify properties. Spending a lot of time running numbers and wanted input from the community on what key metrics are being used to evaluate a property quickly so it either gets a deeper dive or it is scratched from the list.  

[Rob Massopust]

Originally posted by @Dwayne Phillips:

Michael can send me the analyzer to my inbox as well...Thanks

Newbie investor, looking at a townhouse (A rated) for rental in a excellent neighborhood with A-Rated schools...168K, 2BR, 3BA, however don’t think the rents will follow the 1% guideline more like 0.75....So thinking more about appreciation in 7-10 yrs....Thoughts from the BP community?

You should post this as a separate post

Look at end of this post for my comments on condos

[Lisa Maldonado]

I'm a newbie to the site - and only read the last couple of posts on this thread, but i'm looking for help in understanding the numbers! I'm eager to jump into the rental investment arena, but i really want to master how to analyze the big picture. My question is on CAP rate. Based on the example used on the napkin on this blog https://www.biggerpockets.com/blog/2013-01-19-real-estate-math - how did they come up with the Annual Net number of $9,168?  I thought annual net is monthly net x 12? The numbers here dont match.  Can someone help explain?  

[Jaysen Medhurst]

@Lisa Maldonado, plenty of holes in that article. The way the author puts debt service in and out of her calculation is confusing (and why the numbers don't match, as you mention). One glaring error is that there is no accounting for Capital Expenditures, which are a very important part of analyzing any property.

[Sri Popuri]

@Jaysen Medhurst

Hello Jaysen-

Do you have any investing experience in Fairfield county Danbury/Bethel area !

I am looking to find buy and hold rentals in this market.

[Lisa Maldonado]

Thank you @Jaysen Medhurst - i feel better now!  Any blogs on this site that you would recommend for this?  I'm already registered for next Wednesday's webinar! 

[Jaysen Medhurst]

Next Wednesday's webinar should be all you need to get out of the gate, @Lisa Maldonado. I highly recommend setting up your own analysis spreadsheet from scratch. Then just analyze a few hundred deals!

Feel free to reach out by PM, if you have any questions.

[Jaysen Medhurst]

Hi, @Sri Popuri, I keep an eye on the Danbury market, but am no expert. My area of focus is SE CT.

[Sri Popuri]

@Jaysen Medhurst

Thanks for your response!

What is the best way to analyze a deal in CT market.

Is 1% rule good enough to have positive cash flow for rental properties?

[Steven Lowe]

Originally posted by @Tony Wallis:

I am looking for input on methods being used to quickly qualify or disqualify properties. Spending a lot of time running numbers and wanted input from the community on what key metrics are being used to evaluate a property quickly so it either gets a deeper dive or it is scratched from the list.  

 What helps me is to know what you are looking for in the first place.  Then you can immediately start ruling things that don't fit out.  Example, if you are looking for apartment buildings 100+ units built after 1970, you can immediately rule out deals that are too small and too old which don't fit your criteria.  

[Devon Keaveny]

@Michael Ealy

Could you send the deal analyzer to my inbox? Thank you

[Kieondre Woody]

@Amit Bajpai @Michael Ealy me too please!! Thank you so much

[Cam Chan]

@Michael Ealy Hi Michael. Can you forward me your calculator? Thank you!!!

[Mohammed Alali]

@Michael Ealy

So many people need this and I think you should make a whole post about it!

I would like to have it as well.

Much appreciated Michael

[Cesar Hincapie]

@Michael Ealy

Hey Michael, I just got to BP and I could really use the tool you use to analyze deals. Let me know if it's possible. Thank you

[Steven Cobb]

@Michael Ealy

Hey Michael,

I really like your spreadsheet. Did you develop that?

Would you be willing to share it?

[Nick Peters]

Having an optimized, powerful and easy to use spreadsheet is probably the best tool you can get to quickly analyse rental properties online and offline. I’ve been using mine for years and I’ve reviewed countless deals and made better decisions because of it

I’m obviously biased but overall spreadsheets still remain the best way to understand in detail if a property can be a home run or is an overpriced asset.

Let me know if I can help!

[Michael Ealy]

Originally posted by @Mohammed Alali:

@Michael Ealy

So many people need this and I think you should make a whole post about it!

I would like to have it as well.

Much appreciated Michael

 OK Mohammed...I just might. I am sending the analyzer to you...

[Michael Ealy]

Originally posted by @Steven Cobb:

@Michael Ealy

Hey Michael,

I really like your spreadsheet. Did you develop that?

Would you be willing to share it?

 Steven,

Yes - with the help of one of staff members who is really good with Excel

And Yes - I am sending it to you...

[Carlos Gonzalez]

@Michael Ealy

I also need it. Thanks

[Kamran Javadi]

RIP @Michael Ealy ‘s inbox

[Steve Sullivan]

@Micheal Ealy

Can you send me the link also. Thank you!

[Account Closed]

It literally says "get this analyzer for free at (link)" on the screenshot. 

[Chris Park]

@Michael Ealy

Hi Michael, thank you for sharing and can you please send me the analyzer as well. Thanks in advance.

[Justin A Edmonds]

@Michael Ealy

I would personally appreciate this analyzer myself.

[Patrick Michaels]

@Michael Ealy please send to my inbox as well. Thanks!