In this module (20 of 46 in the Real Estate Investing Secrets course), you will learn:
Where can you get a free deal analysis spreadsheet to analyze your own deals?
Which fields should I fill in when analyzing a deal, and which should be left for the spreadsheet to calculate?
What is the difference between ARV (After Repair Value) and purchase price, and when should I use each?
Why does Warren Buffett say, ‘It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price,’ and how does this apply to rental properties?
What are seller concessions, and how should I account for them when analyzing deals?
How should I determine the down payment when analyzing deals?
How should I calculate closing costs when analyzing deals, and what should I include or exclude?
What is the danger in the relationship between seller concessions and closing costs when analyzing rental properties?
What are rent ready costs and what should I include in them on my rental property?
How do I deal with buying a rental property with a below market lease in place?
How do I deal with having to wait until I own a property to start marketing the property for rent and having a higher initial vacancy and maybe lower rent than expected in the first year?
What do you mean by: if you put enough down, most properties will cash flow so by choosing to put small amounts down you are choosing to “finance your down payment” in the form of negative cash flow? And, how do you account for this when analyzing deals?
What is included in total invested (for the Return on Investment calculation)?
How do you input your mortgage when analyzing deals?
How do you enter rents and other income on rental properties when analyzing deals?
How do you deal with the vacancy rate when analyzing deals and what do you recommend using for vacancy rate? What impacts vacancy rate?
How do you deal with property taxes when analyzing deals and why can’t you just look up what taxes are and use that number?
How do you enter property insurance when analyzing deals without calling your insurance agent with each new possible deal?
How do you analyze properties with an HOA? What’s something you should consider if you find yourself buying a property with an HOA?
How do you deal with legal and accounting fees in your deal analysis?
How do you deal with landlord expenses unique to certain properties?
How do you estimate and deal with maintenance on the property?
How do you estimate and deal with capital expenses on the property?
How do you estimate property management costs and why you can’t just use the percent of rents collected they tell you?
How do you estimate the depreciation benefit on a rental property? How do you estimate the Cash Flow from Depreciation™ on a rental property?
How do you use The World’s Greatest Real Estate Deal Analysis Spreadsheet™ Dashboard to analyze your deal once you’ve entered in the basic assumptions?
How can you determine the cash flow, Cash Flow from Depreciation™, and True Cash Flow™ your rental property is generating?
How do you see what the total return you’re earning in dollars is on the rental property?
How can you determine the total dollar return you’re earning on your rental property?
How do you see what the annualized ROI, compounding ROI and IRR are for your rental property (depending on when you sell it)?
How do you easily see and compare the cash on cash ROI and cap rate on the property?
How do you easily see what the various returns are on the True Net Equity™ you have in the property?
How do you see what the key metrics for the property are like Gross Potential Income, Gross Operating Income, OpEx and NOI?
How do you see the annual non-loan expenses for the property?
How do you see how much True Net Equity™ and cash out refinance equity—and the cost to access each—for your rental property?
Plus, much, much more…
Secrets of Analyzing Deals
Here are the slides from the presentation for your convenience…
Listen to this episode with a 7-day free trial
Subscribe to Real Estate Financial Planner™ to listen to this post and get 7 days of free access to the full post archives.
