1. BiggerPockets Presents
How to Find, Analyze,
and Finance an Incredible
Rental Property Deal!
Presented by Brandon Turner
Real Estate Investor
VP, Marketing at BiggerPockets
Free PDF Guide: http://www.BiggerPockets.com/workbook

2. Thank You!

3. What Kind of Real Estate
Investing Are You
Interested In?

4. How Many Rental
Properties Do You Have?

5. About BiggerPockets
❖ Real Estate Investing Social
Network, Marketplace, and
Information Hub.

6. About BiggerPockets
❖ Real Estate Investing Social
Network, Marketplace, and
Information Hub.
- Real Estate Social Network
- Forums
- Marketplace
- Podcast
- Blog
- Member Blogs
- Ultimate Beginner’s Guide
- Property Analysis Software
- and a LOT more.

7. About Brandon (me)
❖ Real Estate Investor
❖ VP, Growth at BiggerPockets
❖ Cohost of the BiggerPockets
Podcast
❖ Musician
❖ Blogger
❖ Math Nerd
❖ Cat and Dog Lover

8. Today We’re Going To Cover…

9. Today We’re Going To Cover…
Rental Properties:

10. Today We’re Going To Cover…
Rental Properties:
❖How to Find
(even in a hot market)

11. Today We’re Going To Cover…
Rental Properties:
❖How to Find
(even in a hot market)
❖How to Analyze
(so you don’t buy terrible deals!)

12. Today We’re Going To Cover…
Rental Properties:
❖How to Find
(even in a hot market)
❖How to Analyze
(so you don’t buy terrible deals!)
❖How to Finance
(Even if you have no money!)

13. 10 Ways to Find Great
Rental Property Deals

14. 10 Ways to Find Great Rental Property Deals

15. 10 Ways to Find Great Rental Property Deals
❖ The MLS

16. 10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO

17. 10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail

18. 10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)

19. 10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars

20. 10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars
❖ The BiggerPockets
Marketplace
!

21. 10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars
❖ The BiggerPockets
Marketplace
❖ Eviction Records
!

22. 10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars
❖ The BiggerPockets
Marketplace
❖ Eviction Records
❖ Loopnet/CoStar
!

23. 10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars
❖ The BiggerPockets
Marketplace
❖ Eviction Records
❖ Loopnet/CoStar
❖ Online Advertising

24. 10 Ways to Find Great Rental Property Deals
❖ The MLS
❖ FSBO
❖ Direct Mail
❖ Craigslist (2 ways)
❖ Driving for Dollars
❖ The BiggerPockets
Marketplace
❖ Eviction Records
❖ Loopnet/CoStar
❖ Online Advertising
❖ Wholesalers

25. How to
Analyze
a Rental
Property

26. How to Analyze a Rental Property
What Are We Looking For?

27. How to Analyze a Rental Property
What Are We Looking For?
• Cash Flow

28. How to Analyze a Rental Property
What Are We Looking For?
• Cash Flow
• Appreciation

29. How to Analyze a Rental Property

30. How to Analyze a Rental Property
Cash Flow = Total Income - Total Expenses

31. Income Expenses

32. Income Expenses
• Rental Income • Mortgage
!

33. Income Expenses
• Rental Income • Mortgage
!

34. Income Expenses
• Rental Income
• Laundry Income
• Extra Storage Fees
• Late Fees
• Other Fees and Charges
• Mortgage
!

35. Income Expenses
• Rental Income
• Laundry Income
• Extra Storage Fees
• Late Fees
• Other Fees and Charges
• Mortgage
• Property Taxes
• Insurance

36. Income Expenses
• Rental Income
• Laundry Income
• Extra Storage Fees
• Late Fees
• Other Fees and Charges
• Mortgage
• Property Taxes
• Insurance
• Flood Insurance
• Vacancy Factor
• Repairs/Maintenance
• Capital Expenditures (CapEx)
• WaterSewer
• Septic
• Garbage
• Fees/Permits
• Other

37. Top Ten Mistakes Real
Estate Investors Make When
Analyzing Deals

39. 10. Relying heavily on the 50% Rule or 2% Rule

40. 10. Relying heavily on the 50% Rule or 2% Rule
9. Underestimate repair costs to get it rent ready

41. 10. Relying heavily on the 50% Rule or 2% Rule
9. Underestimate repair costs to get it rent ready
8. Forget closing costs

42. 10. Relying heavily on the 50% Rule or 2% Rule
9. Underestimate repair costs to get it rent ready
8. Forget closing costs
7. Overestimating ARV and rental income

43. 10. Relying heavily on the 50% Rule or 2% Rule
9. Underestimate repair costs to get it rent ready
8. Forget closing costs
7. Overestimating ARV and rental income
6. Counting on appreciation

44. 10. Relying heavily on the 50% Rule or 2% Rule
9. Underestimate repair costs to get it rent ready
8. Forget closing costs
7. Overestimating ARV and rental income
6. Counting on appreciation
5. Relying on the “Pro Forma” from the Broker

45. 10. Relying heavily on the 50% Rule or 2% Rule
9. Underestimate repair costs to get it rent ready
8. Forget closing costs
7. Overestimating ARV and rental income
6. Counting on appreciation
5. Relying on the “Pro Forma” from the Broker
4. Not planning for property management

46. 10. Relying heavily on the 50% Rule or 2% Rule
9. Underestimate repair costs to get it rent ready
8. Forget closing costs
7. Overestimating ARV and rental income
6. Counting on appreciation
5. Relying on the “Pro Forma” from the Broker
4. Not planning for property management
3. Forget to include Vacancy costs

47. 10. Relying heavily on the 50% Rule or 2% Rule
9. Underestimate repair costs to get it rent ready
8. Forget closing costs
7. Overestimating ARV and rental income
6. Counting on appreciation
5. Relying on the “Pro Forma” from the Broker
4. Not planning for property management
3. Forget to include Vacancy costs
2. Not accounting for CapEx

48. 10. Relying heavily on the 50% Rule or 2% Rule
9. Underestimate repair costs to get it rent ready
8. Forget closing costs
7. Overestimating ARV and rental income
6. Counting on appreciation
5. Relying on the “Pro Forma” from the Broker
4. Not planning for property management
3. Forget to include Vacancy costs
2. Not accounting for CapEx
1. Not Doing an Analysis

49. The BiggerPockets Rental
Property Calculator
BiggerPockets.com/calc

50. BiggerPockets Pro

51. BiggerPockets Pro
Unlimited use of the
Rental Property
Calculator, House
Flipping Calculator,
and soon-to-be
Wholesaling
Calculator -
Including that
ability to print PDF
reports

52. BiggerPockets Pro
Download unlimited
files from the
BiggerPockets
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Exclusive discounts and
promotions through the
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54. BiggerPockets Pro
Increased networking
abilities, through
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meet

55. BiggerPockets Pro
Get more
Keyword Alerts,
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the things that
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BiggerPockets.

56. BiggerPockets Pro
Post ads in the
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57. BiggerPockets Pro
Post a video to your
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people know more
about you!

58. Why BiggerPockets Pro?

59. Why BiggerPockets Pro?
You are worried about buying a bad deal

60. Why BiggerPockets Pro?
You are worried about buying a bad deal
You need lenders, partners, or properties

61. Why BiggerPockets Pro?
You are worried about buying a bad deal
You need lenders, partners, or properties
You need to connect with investors who can help you

62. Why BiggerPockets Pro?
You are worried about buying a bad deal
You need lenders, partners, or properties
You need to connect with investors who can help you
You are looking to get noticed by the community

63. Why BiggerPockets Pro?
You are worried about buying a bad deal
You need lenders, partners, or properties
You need to connect with investors who can help you
You are looking to get noticed by the community
You want to support BiggerPockets

64. How Much Is
BiggerPockets Pro?

65. BiggerPockets Pro
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66. Exclusive Webinar Discount
Sign Up Today
to Get the 2012
BiggerPockets Summit Audio -
25 Hours of Real Estate
Investing Training - For Free
With Your Pro Membership!
!
!
❖ BiggerPockets.com/pro

67. ❖ BiggerPockets.com/pro

69. How to
Finance a
Rental
Property

70. 12 Ways to Finance a Rental Property
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71. 12 Ways to Finance a Rental Property
❖ Cash
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72. 12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
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73. 12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
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74. 12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
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75. 12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
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76. 12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖
❖
❖
❖
❖
❖

77. 12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
❖
❖
❖
❖
❖

78. 12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
❖ Partnerships
❖
❖
❖
❖

79. 12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
❖ Partnerships
❖ Hard Money (to Refi)
❖
❖
❖

80. 12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
❖ Partnerships
❖ Hard Money (to Refi)
❖ Private Money
❖
❖

81. 12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
❖ Partnerships
❖ Hard Money (to Refi)
❖ Private Money
❖ Syndication
❖

82. 12 Ways to Finance a Rental Property
❖ Cash
❖ Conventional Loans
❖ Portfolio Loans
❖ FHA Loans
❖ 203k Loans
❖ VA/USDA Loans
❖ Seller Financing
❖ Partnerships
❖ Hard Money (to Refi)
❖ Private Money
❖ Syndication
❖ Creative Combinations

83. Q & A Time
Get it at BiggerPockets.com/nomoney

84. Q & A Time
I am not a lawyer or accountant.!
!
This not is not legal or tax advice.

85. Thank You!

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87. Exclusive Webinar Discount
Sign Up Today
to Get the 2012
BiggerPockets Summit Audio -
25 Hours of Real Estate
Investing Training - For Free
With Your Pro Membership!
!
!
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