All Forum Posts by: Cody Neumann

@Julian Broyles

It depends on your market. Normally number of bedrooms play a huge roll in rents but square footage can as well.

To figure this out look at bot apartments and small multifamily to determine what would be a good price.

You can also use rentoneter.com for an average rent of the area.

@Justin Manges

I always factor in AT LEAST 5% for capex, 5% for repairs, and 3% for vacancy.

@Ethan Goforth

How many deals do you have under your belt? There are plenty of lenders on BiggerPockets that are looking to lend on properties right now.

@Amanda Thompson

Bankruptcy will drop off a record after a couple years. I would ask her when she went through bankruptcy and why to get a better understanding.

It’s definitely something you want to dig deeper on.

@Justin Peucker

Mainly just looking at number of bedrooms, bathrooms, square footage, garage size, and condition of interior such as kitchen and bathroom finishes.

It can vary from market to market depending on what people are looking for in yours.

@Jeff Dong

It’s not worth it unless you intend to work as an agent. You don’t pay any commission if you are selling a house.

@Andrew Semler

Analyzing deals

Marketing

Networking

These would be my top 3

@Andrew Freed

Working dead end W2 jobs when I felt I could do way more. Always had something in me leaning towards entrepreneurship. Rich dad poor dad pushed me over the edge.

@Justin Peucker

It will all depend on how much info you have on the house. In order to accurately analyze a property you will need to know the size and number of beds and baths as well as what all needs to be done which is tough without being inside the house.

If you are wanting to analyze every property you see driving for dollars it wouldn’t make sense since you don’t know if you would be able to get the house or not.

If you are looking to touch up your skills on analyzing properties I would suggest you go on Zillow or realtor and find properties on there to practice analyzing.

@Kyle Hoppman

It depends how you want to write it in the lease. If you have a multifamily it might be best for the landlord to handle it or if you don’t trust your tenants enough to keep an eye on it.