Rentals Are Really Just A Simple Math Problem With Anthony Russell (Ep 329)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 24 August 2021
⏱️ 26 minutes
🧾️ Download transcript
Summary
We look at one of his recent deals, and he shows us the numbers that he's looking at to see if a deal makes sense
Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now dan lane anthony |
| 0:10.1 | i'm really interested to hear what your thoughts are on this but you think rental properties are |
| 0:15.5 | really just kind of a simple math problem yes absolutely so um properties, all the numbers are there. It's all |
| 0:24.0 | available. And in fact, most of it is available online for free. You can do everything your realtor can do. |
| 0:31.9 | You can look at what people are asking. You can look at what things have sold for. You can |
| 0:36.6 | calculate the taxes. Most counties |
| 0:39.3 | publish their tax information. If you need information on what you think the rent could be, |
| 0:46.6 | you can go to rentometer.com and look at that or you can look at Zillow. Everything you need is out there to figure out what it's going to |
| 0:57.4 | cost you to acquire and operate a rental property. On the podcast today, Anthony is going to show |
| 1:05.1 | us the simple math that he uses to evaluate a rental property. He's going to break down one of |
| 1:10.2 | his recent deals and show us exactly how the numbers work for him. He's going to break down one of his recent deals |
| 1:11.2 | and show us exactly how the numbers work for him. |
| 1:14.9 | Joining us on the show from Cleveland is Anthony Russell. |
| 1:18.4 | We'll take a really quick break to thank our sponsors. |
| 1:21.3 | We'll come right back and we'll talk to Anthony. |
| 1:23.8 | A good deal on a rental property isn't going to last very long. |
| 1:28.8 | To win properties today, |
| 1:34.6 | you need to move quickly when a deal comes on the market, but it takes time to analyze a property. |
| 1:40.0 | I want to let you know about an app where you can analyze deals on your phone in seconds. |
| 1:45.2 | It's called Ask Rick. That's RIC for Rental Income Calculator. |
| 1:48.1 | You can analyze a deal with the push of a button. |
| 1:53.3 | You can figure out the rent, your mortgage payment, your expenses, and figure out the cash flow. |
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