Updated over 8 years ago on . Most recent reply
analyzing property, please help a newbie out
Hi! I have been busy reading and listening, just attended the webinar and wanted to try out the rental property calculator. Every property I have tried has been negative cash flow via the calculator. What am I doing wrong? Please help!
Included some links, hope you can view it.
https://www.biggerpockets.com/buy_and_hold_results...
file:///C:/Users/staff/Desktop/Rental%20Property%20Calculator%20from%20BiggerPockets.html
Most Popular Reply
The links don't work for me @Helen C. but I willing to bet your not doing anything wrong. A quick napkin test I use to pre-qualify opportunities before fully analyzing them or running them through any calculator is the 1% rule. By that I mean, for a property that is listed for $100,000, I need to see rents to be 1% of that $100,000. So monthly rents have to equal $1,000 or more before I go any further in my analysis. Helps me efficiently kick over a lot of rocks to find that jewel!