🎙️ This video will show you how to analyze a rental property without fancy calculators or spreadsheets. In fact, the formulas you’ll learn can be done on the back of an envelope, napkin, or any scrap of paper you can find! Chad “Coach” Carson has used this “back-of-the-envelope” approach during 17+ years of buying investment properties. And it’s also the basic approach used by famous investor Warren Buffett to make multi-BILLION dollar purchases of large companies.
▶️ Next Video: How to Calculate Internal Rate of Return (IRR) for Real Estate Investing https://youtu.be/HJnnpXoR6y0
🎬 Topics Covered: 0:00 - Coach's Intro 0:58 - Why the best deals don’t need a calculator 2:42 - The job of rentals and your financial goals 5:42 - The Gross Rent Multiplier 8:23 - The 1% Rule 11:10 - Cap Rate 15:31 - Net Income After Financing 18:31 - Cash on Cash Return 22:01 - Why Equity is Important 24:50 - 4 Ways to build Equity and Wealth