Seeking knowledge: How-To for "crunching the numbers"?
Hi all - we are just starting out and curious if anyone might know of templates, blogposts, books, or other educational content we can use to learn how to "crunch the numbers" on property investing (for different scenarios; i.e., for STR, for MTR, for LTR, etc., etc.)
Many many thanks and Happy New Year.
JJK
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- Austin, TX
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There are tons of calculators here on BP for free you can use.
I would start by learning how to analyze for LTR and then expand to STR or MTR once you have done a few. Here's a good blog post on how to analyze a property for LTR by Brandon Turner. Chapter 5 of his book, "The Book on Rental Property Investing," is about how to analyze a property. Some of the webinars that BiggerPockets offers often touch to greater or lesser degree on analyzing deals -- you might try attending this one.
Here's a guide that describes what good cash flow looks like and how to analyze a property.
https://www.biggerpockets.com/...
It will be the same for long-term or shor-term rentals. Income - Expenses - Reserves = cashflow
Thanks Eliott, Nathan A., and Nathan G. I appreciate the help. We are starting out here in ATL (a bit later in life). So much to learn! JJK
Thank you all!!
You're in the right place, loads of free content on Bigger Pockets! From the forums, to the calculators, videos, webinars and ESPECIALLY the Podcast. I would listen to every podcast episode from Bigger Pockets that sounds appealing to you and would also recommend the Bigger Pockets Real Estate Rookie podcast.
I took about 3 years of analyzing and learning before I finally jumped in and purchased my first investment property. Now I wish I would've started much sooner. Don't jump in just to do it. But once you have studied and feel confident in running numbers, GO FOR IT!! You will only wish you started sooner.