Sellers Gone Wild: NEVER Buy a Rental Property Like This...

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Rental property investors want CASH FLOW. But it hasn’t been that easy to get in 2023. Home prices are high, as are mortgage rates. Rents aren’t rising as fast as a year ago, and most homes seem overpriced to investors. So, how do you KNOW that a rental property will make money BEFORE you buy it? Hope and pray? Consult a psychic? Nope. Do this instead.

Dave is here to walk you step-by-step through calculating rental property numbers so you don’t buy the wrong one. Dave will analyze a real rental property he was sent in Jacksonville, Florida. You’ll see exactly which data he uses to decide where to invest, how much the property is really worth, and whether or not it’s worth buying.

Analyze properties in MINUTES with BiggerPockets Pro. Get 20% OFF with code “INVESTSMART”: https://www.biggerpockets.com/membership-types?utm_source=owned_media

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Tools from This Video:
Rent Estimator: https://www.biggerpockets.com/insights/property-searches/new?utm_source=owned_media
Rental Property Calculator: https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media
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Data Used in This Video:
FRED: https://fred.stlouisfed.org/
Redfin: https://www.redfin.com/news/data-center/
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https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
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Connect with Dave:
BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/

FRED® Graphs Federal Reserve Bank of St. Louis. 2022. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. https://fred.stlouisfed.org/

00:00 Dave Analyzes a Deal
02:18 Jacksonville, Florida Metrics
05:09 Housing Market Indicators
08:42 Analyzing The Property
18:52 Tools/Data to Use