Vetting a rental property may seem difficult from afar, especially if you’ve never done it before. With so many factors to calculate, how do you know that a deal will end up profitable?
Sterling white, multifamily master investor, has acquired close to 500 units, making him a pretty experienced authority on vetting investment properties. He walks through the three most crucial things you need to know before you close on a deal as well as who you should bring along with you to the property.
When you’re just starting out in real estate investing, deal analysis can seem difficult, but trusting professionals and educating yourself as much as possible can stop you from making some pretty costly mistakes.
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00:00 Sterling is Back!
01:59 #1 Determine Your ROI (Return on Investment)
04:32 #2 Determine Rehab Costs
05:12 Pro Tip: Bring a Contractor!
06:38 #3 Look for Value-Add Opportunity
10:06 Let's Review
3 Crucial Steps When Vetting a Rental Property
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