An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

I considered Texas and was going to submit an offer but then we did more analyzing and realized it is tough.

He can also walk you through the actual acquisition process if you've never bought rental property before.I would, however, encourage you to do your own due diligence when analyzing the market and the actual property you are looking at.

Using the CapEx as a % is just getting you in the ballpark when analyzing a deal.

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*This link comes directly from our calculators, based on information input by the member who posted.First time rehabber here, looking for any helpful information. I used a HML for this project. Purchase p...

You would analyze deals based on this criteria.

Analyze financial statements, market trends, and historical performance data to move beyond surface-level information.

If they use your credit and income docs to formulate an offer, you can ask for a pre-approval letter (if you want), or just analyze the pricing and ask for a pre-approval from the top 2 lenders.

Hiring a local property manager can help maintain the property and handle guest logistics.If you're looking for help, I’m a local realtor in California and would be happy to assist you in finding the perfect property or I would be happy to connect you with my extensive network with other top-notch realtors in the area if needed.Utilize tools like AirDNA to analyze potential rental income and occupancy rates for different beach towns.

Although insurance may cover the rebuilding of your property, it could be vacant for months or years until the community recovers and people return.Operating costs: Every dollar lost to property taxes, and insurance is a dollar less for you to live on.Rent control: Government control of your rental property can transform a promising investment into a nightmare.Location Selection Process and ToolsYou can try to analyze all possible cities in the US and select the “best”.