Want to estimate your NOI (net operating income) BEFORE you buy a rental property? Calculating NOI in real estate isn’t hard, and after doing this dozens and dozens of times, we’re sharing how to estimate things like taxes, insurance, and maintenance costs so you know you’re buying a killer deal. Speaking of first deals, how much do you need to get started investing? $20K? $50K? $100K? A fellow rookie has $70K ready to invest but doesn’t know the next best move. We’re sharing exactly how they should start, and you can copy these steps no matter how much money you have.
It wouldn’t be a Rookie Reply if we didn’t discuss tricky tenant situations. One investor has a tenant who is FED UP with a broken outlet. Sounds pretty reasonable, right? Well, the tenant is giving the landlord an unreasonable ultimatum. What should the investor do? Let the tenant take care of things on their own (and potentially damage the property) or put their foot down and follow the lease agreement?
Ashley:
Let’s get your questions answered. My name is Ashley Kehr and I’m here with Tony J Robinson.
Tony:
And this is the podcast here to help you kickstart your real estate investing journey. And today we’re diving back into the BiggerPockets Forum to get your questions answered. Now guys, the forums of the absolute best place to quickly get all of your real estate investing questions answered by experts like me, Ashley, and so many others. So what are we going to talk about today? We’ve got a couple of things here. Number one, we’re going to talk about how to calculate your NOI as a first time investor. We’re going to talk about a tenant who has some appliance issues and whether or not you as the landlord should get those fixed for them. And then we’ll finish off by talking about how to get started in real estate with $70,000. Now, before we jump in, we want to give a quick thank you to Corporate Direct. This episode is sponsored by Corporate Direct where you can…