I'm reading Rental Property Investing by Brandon Turner right now and I'm at the chapter about analyzing a property and seeing if it's going to be a good deal or not. There are quite a few things to take into consideration and instead of re-inventing the wheel I'm wondering if there is a tool (spreadsheet or otherwise) where one can plug in numbers and at a quick glance know if a property is worth a 2nd look? I probably sound lazy but there's gotta be a tool out there. Thanks in advance.
I'm reading Rental Property Investing by Brandon Turner right now and I'm at the chapter about analyzing a property and seeing if it's going to be a good deal or not. There are quite a few things to take into consideration and instead of re-inventing the wheel I'm wondering if there is a tool (spreadsheet or otherwise) where one can plug in numbers and at a quick glance know if a property is worth a 2nd look? I probably sound lazy but there's gotta be a tool out there. Thanks in advance.
Alain
Bigger pockets has the calculators on the site. Plug your numbers in!
I agree with Taylor. The bigger pockets calculators are super easy to use. I still like the old fashion way just so you can see how the numbers move a little better, but the calculators on BP are a great tool and you can fly through analyzing deals in minutes a piece.