How to analyze a property for beginners. Property Analysis, with examples [Step by Step]
We take you step-by-step through a use case of my property deal analysis. How do I analyze a rental property for profit and what are the keys steps I follow? To ensure you get the highest profits from analyzing the rental property as a beginner step by step. This is a beginner's guide to analyzing a rental property, finding the funds, deal analysis, and make 6 figures in profits. This is a true story of a deal with facts and figures. Here, I share a foolproof method to analyze an investment property because I have used it several times. Real estate deal analysis is simple: you run the comps, estimate repairs, arrange for funds, hire contractors, and close. Whether you are a beginner looking to break into investment property for rentals or if you are a pro, the rules are the same. You must follow a methodical step-by-step guide to a rental property analysis. Each step has its value and doing your own due diligence and analysis is key. If you follow my method and learn how to analyze a rental property step by step, you will never go wrong. But you must learn through partnering or practice. The most important thing is to pull the trigger as a beginner. This is the most comprehensive guide to analyzing a rental property step by step.
Chapters:
00:00-Intro and greetings
00:39-Backdrop of my situation
00:54-How I found the deal?
01:34-Steps to analyze the deal
02:10-Doing your due diligence
02:40-Finding the trigger
03:30-Funding through hard money
04:30-The numbers of this deal
05:40-Finding money for materials and contractor
07:14-How we created a bathroom in a closet
08:56-Putting a house on sale and rejecting all offers
09:15-Deciding to rent the property over price
09:56-Areas of improvement in the property
10:18-Sad story of a single mom who rented this property
12:05-Why morals are more important than money?
12:45-Why you should support my cause?
