This is Real Estate Rookie episode 305.

Before you even think about your market, think about what your goals are as a real estate investor.

If your goal is to leave your job as fast as humanly possible, appreciation itself isn't really going to help you.

Tax benefits, per se, aren't really going to help you as much, right? You want cash or you want profits.

So I think think about what your goal is, what your strategy is, and that kind of helps you identify what market you should be going into, what strategy you should be going into.

My name is Ashley Care, and I'm here with my co-host, Tony Robinson.

And welcome to the Real Estate Rookie podcast where every week, twice a week, we've been using the inspiration, motivation, and stories you need to hear to kickstart your investing journey.

And today's episode is a little different because not only are we going to be talking on the Real Estate Rookie show,

but we're also going to be talking on the bigger pockets real estate podcasts for an episode that's getting, I guess, I don't know, like simultaneously aired on two podcasts at the same time.

But it's about a topic that I think is super important, both for audiences at the Rookie show and the Real Estate podcast, and that's how to analyze deals properly in 2023.

And, you know, Ashley talks a little bit about the long-term mental side, I'll talk a little bit about the short-term mental side.

And really just even before that, just in general, why getting good at analyzing deals is so important.

Yeah, so Tony does a breakdown of analyzing a short-term rental, and then I do an analysis of a long-term rental that is a single family but zoned as a duplex.

So we go into the two different analysis as to a single family compared to converting it back into the duplex that it was meant to be.

And we go through how we find our rents, whether that is the daily rate for short-term rental or the monthly rate for a long-term rental.

We talk about some of the things that maybe we have changed in our deal analysis since we first started and since we've grown and also as the market has changed.

So we'll talk a brief overview and then we'll actually share our screen.

So if you're listening to this on your podcast platform and just have it on audio, highly recommend you come back and actually watch it on YouTube so you can see a screen share.

I will use the bigger pockets calculator reports. I'll use the rental calculator and then also the burr calculator.

And then Tony will be using his short-term rental calculator and we'll share those on the screen.

So if you decide that you want to watch this and kind of get a visual because you're more of a visual learner, make sure you go to the real estate rookie YouTube channel and search for episode 305 and you'll be able to find this episode on deal analysis and take a watch of what we actually share.

So I guess let me just share a quick review before we get into actually nice breakdown on on deal analysis here.

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