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Buying your first rental property
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.
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

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Buying your first rental property
Buying your first rental property

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