Make Analyzing Real Estate Deals Surprisingly Easy | The DealMachine REI Podcast | Episode 006
In this episode, Ryan and David discuss the critical importance of analyzing deals correctly in real estate investing. They delve into the concept of ARV and the significance of developing a rehab estimate to accurately analyze a property. They also explain how to calculate an offer using ARV and introduce the 70 percent rule.
Ryan and David dive into the downsides of misanalyzing a deal and the repercussions that come with it. They emphasize the time and skill required to estimate rehab costs accurately, as this is crucial in analyzing a property.
Moreover, they provide a formula to help investors analyze a deal: ARV - 30% - repair costs - assignment fee = offer price. They also discuss their approach to rehab costs, which may be slightly higher than other investors, as they prefer a higher rental grade. David stresses that investors should always feel uncomfortable with how low their offer is. In fact, you should treat your initial offer just as an icebreaker.
This episode is packed with insights that will help investors analyze deals correctly and avoid costly mistakes. Tune in now!
David's Social: @dlecko
https://www.dealmachine.com/pod
Ryan's Social: @heritage_home_investments
https://www.heritagehomeinvestments.com/
Free Real Estate KPI & Metrics Guide:
https://www.dealmachine.com/kpi-ebook-youtube
Free e-book on finding motivated sellers:
https://www.dealmachine.com/find-motivated-sellers-youtube
Free direct mail campaign e-book: https://bit.ly/3z1inuQ
Free real estate investing e-book: https://bit.ly/3GvNCAE
Sign Up for your Free Trial: https://bit.ly/3n4AMRx
DealMachine is a Real Estate Investing Software that provides a Driving For Dollars Function to build an organic list of leads with a team of drivers, and List Builder that allows you to stay in sync with sellers’ situations on a weekly basis.
Free Trainings:
Wholesaling - https://bit.ly/3GzgfOf
Driving for Dollars - https://bit.ly/3mdjAdA
List Building - https://bit.ly/3Ci3HYS
Like, Subscribe and Turn on Notifications For New Real Estate Investing Tutorials with DealMachine: https://bit.ly/3mcf9zE
Follow Us:
Instagram - https://bit.ly/3CjOeHA
Facebook - https://bit.ly/3jzYILB
Twitter - https://bit.ly/3nz9a7D
Reach Out To Our Support: support@dealmachine.com
#dealmachine #wholesalingrealestate #realestateinvesting
Видео Make Analyzing Real Estate Deals Surprisingly Easy | The DealMachine REI Podcast | Episode 006 канала DealMachine
Ryan and David dive into the downsides of misanalyzing a deal and the repercussions that come with it. They emphasize the time and skill required to estimate rehab costs accurately, as this is crucial in analyzing a property.
Moreover, they provide a formula to help investors analyze a deal: ARV - 30% - repair costs - assignment fee = offer price. They also discuss their approach to rehab costs, which may be slightly higher than other investors, as they prefer a higher rental grade. David stresses that investors should always feel uncomfortable with how low their offer is. In fact, you should treat your initial offer just as an icebreaker.
This episode is packed with insights that will help investors analyze deals correctly and avoid costly mistakes. Tune in now!
David's Social: @dlecko
https://www.dealmachine.com/pod
Ryan's Social: @heritage_home_investments
https://www.heritagehomeinvestments.com/
Free Real Estate KPI & Metrics Guide:
https://www.dealmachine.com/kpi-ebook-youtube
Free e-book on finding motivated sellers:
https://www.dealmachine.com/find-motivated-sellers-youtube
Free direct mail campaign e-book: https://bit.ly/3z1inuQ
Free real estate investing e-book: https://bit.ly/3GvNCAE
Sign Up for your Free Trial: https://bit.ly/3n4AMRx
DealMachine is a Real Estate Investing Software that provides a Driving For Dollars Function to build an organic list of leads with a team of drivers, and List Builder that allows you to stay in sync with sellers’ situations on a weekly basis.
Free Trainings:
Wholesaling - https://bit.ly/3GzgfOf
Driving for Dollars - https://bit.ly/3mdjAdA
List Building - https://bit.ly/3Ci3HYS
Like, Subscribe and Turn on Notifications For New Real Estate Investing Tutorials with DealMachine: https://bit.ly/3mcf9zE
Follow Us:
Instagram - https://bit.ly/3CjOeHA
Facebook - https://bit.ly/3jzYILB
Twitter - https://bit.ly/3nz9a7D
Reach Out To Our Support: support@dealmachine.com
#dealmachine #wholesalingrealestate #realestateinvesting
Видео Make Analyzing Real Estate Deals Surprisingly Easy | The DealMachine REI Podcast | Episode 006 канала DealMachine
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