I've been researching for awhile now, but I'm still lost on exactly how to find properties that will yield a good return for buy&hold/rental situations
Feedback appreciated!
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I've been researching for awhile now, but I'm still lost on exactly how to find properties that will yield a good return for buy&hold/rental situations
Feedback appreciated!
Do you know what type of property you're looking for?
Such as single family or multi unit?
A turn key or something that needs rehab?
It's important to have a method to quickly analyze a property based on the numbers, allowing for things such as lost rent, rental management, insurance, taxes, etc. Property Trackers is a good source to analyze properties quickly. I also built an easy to use excel spreadsheet that analyzes a deal factoring in debt service, tax, insurance, vacancy, property management, and gives you multiple types of analysis such as ROI, Cap rate, etc. If you like I can sent it to you.
Robert,
Would you mind sending that me as well?
Sorry to hijack this thread but Robert, I would also really appreciate if you could email me the spreadsheet. I am a newbie myself and this would be very handy.
Chris,
There a couple of experts on here from Phoenix who both invest, rehab and are brokers that can tell you anything you need to know regarding investing in your area. Read the posts and look for Phoenix right top of name. Hopefully one will chime in. You might try a heading with Phoenix in it. Good luck.
Thanks for all the feedback
I'm not necessarily tied to investing in the Phoenix market though, any prospectively healthy market will do - I'll be sure to take your advice and seek out those members!
Any more feedback is greatly appreciated!
Hey Robert, I would appreciate you sending me that spreadsheet too! I am planning on picking up a few rentals for 2012 and I could use a great tool like that! I have a great buy/sell spreadsheet for analyzing properties to flip if your interested!
Hi Robert,
I would love it if you could send me that spreadsheet as well!
Robert, you can upload that spreadsheet here on BP. Just go here:
http://www.biggerpockets.com/files
And upload the spreadsheet there so anyone who wants it can download it.
Hey Robert , new here and would appreciate it if you could send me the spreadsheet as well. Thanks in advance.