Mastering Knowledge:
Expert-Guided, Live Session Mentorship
Basic Information
Buying your first rental property
Cohort-based Course
Before purchasing your first rental property, it is crucial to analyze several key numbers to ensure a wise investment decision. I will guide you step by step with real world experience and examples. I will also discuss most common mistakes people make when buying their first property.
Instructors Information
Hosted By
Sudip Biswas
I am co-founder and CTO of Cybera, ex-Facebook, Microsoft, Compass. My other professional interests include entrepreneurship, investing, writing, real estates.
Course Overview
Course overview
Help you build a solid understanding of what makes a good rental investment.
Owning investment properties is a great way to earn income and build your portfolio and your net worth. When you’re shopping for property, keep our detailed guide in mind for some of the top, must-have features. The location, the amenities, and the size of your property are the keys to getting the rental price you want.
To find the best investment properties for your portfolio, we’ve rounded up some of the best features to look for.
04
The Target Rental Market
05
Amenities and Appliances
06
Financing Options
01
The Condition of the Property
02
The Investment Property Location
03
Local Attractions
04
The Target Rental Market
05
Amenities and Appliances
06
Financing Options
01
The Condition of the Property
02
The Investment Property Location
03
Local Attractions
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Course Benefits
You will learn about following important criteria
Purchase Price
Determine the total cost of acquiring the property, including any associated fees, closing costs, and potential renovation expenses. This will help you evaluate whether the property fits within your budget.
Rental Income
Calculate the potential rental income the property can generate. Research local rental market rates to determine an appropriate rental price. Ensure that the projected rental income covers your mortgage payments, taxes, insurance, maintenance costs, and other expenses while leaving room for profit.
Operating Expenses
Consider all the expenses associated with owning and maintaining the rental property. This includes property taxes, insurance, property management fees, utilities, maintenance, repairs, and vacancies. Make sure to budget for regular expenses and account for potential unexpected costs.
Cash Flow
Analyze the property's cash flow by subtracting all operating expenses from the rental income. Positive cash flow indicates that the property is generating more income than expenses, while negative cash flow may require additional investment or adjustments.
Return on Investment (ROI)
Evaluate the potential return on investment by considering both cash flow and property appreciation. Calculate the ROI by dividing the annual net income generated by the property by the total investment (purchase price plus any renovation costs). A higher ROI indicates a more profitable investment.
Financing Options
Explore various financing options, such as mortgage rates, down payment requirements, and loan terms. Understand the impact of interest rates on your monthly mortgage payments and the overall affordability of the property.
Market Analysis
Conduct a thorough market analysis to assess the demand for rental properties in the area. Look for indicators such as population growth, employment opportunities, rental vacancy rates, and local development plans. A strong rental market increases the likelihood of consistent rental income and property appreciation.
Cap Rate
The capitalization rate (cap rate) helps assess the potential return on investment by comparing the net operating income to the property's value. It is calculated by dividing the net operating income by the property's market value. A higher cap rate implies a potentially higher return on investment, but it's important to consider other factors alongside it.
Exit Strategy
Have a clear plan for your exit strategy. Determine whether you intend to hold the property long-term, sell it for appreciation, or potentially refinance to leverage equity for future investments. Understanding your goals and options will guide your decision-making process.
Legal and Regulatory Considerations
Familiarize yourself with local landlord-tenant laws, zoning regulations, permits, and any other legal or regulatory requirements. Ensure compliance with these obligations to avoid any potential issues or financial penalties.
Course modules
Course modules
01
Introductory session
Overview of the important topics covered in this course.
02
Going deeper into rental investment strategies
Here we will learn different metrics to evaluate for successful rental investments.
This course includes
2 modules
Applying knowledge through projects
Exclusive community of fellow members
Access to course materials for a lifetime
Immediate access to the instructor
Feedback and reflection with guidance
Learning is way better with live cohorts
Engaging in learning becomes immensely enriching when accompanied by live cohorts, fostering dynamic interactions and shared insights.
The educational experience reaches new heights when learning is undertaken within live cohorts, creating a vibrant and supportive community for knowledge exchange.
Discover the unparalleled benefits of collaborative learning as live cohorts elevate the educational journey, providing real-time engagement and a sense of camaraderie.
Buying your first rental property
Upcoming Cohorts
Aug 02 - Aug 09, 2024
20
$150
Aug 02 - Aug 09, 2024
20
