HOW TO INVEST IN OLDER RENTAL PROPERTIES WITHOUT LOSING YOUR - - PowerPoint PPT Presentation

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HOW TO INVEST IN OLDER RENTAL PROPERTIES WITHOUT LOSING YOUR - - PowerPoint PPT Presentation

Feb 11, 2023 287 likes •1.36k views

HOW TO INVEST IN OLDER RENTAL PROPERTIES WITHOUT LOSING YOUR SHIRT! A free webinar from BiggerPockets.com! with Brandon Turner, co-host of the BiggerPockets Podcast! WELCOME! Are you ready to learn? WHAT WELL BE COVERING TODAY:

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HOW TO INVEST IN 
 OLDER RENTAL PROPERTIES WITHOUT LOSING YOUR SHIRT!

A free webinar from BiggerPockets.com!

with Brandon Turner, co-host of the BiggerPockets Podcast!
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SLIDE 2

WELCOME!

Are you ready to learn?

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SLIDE 3

WHAT WE’LL BE COVERING TODAY:

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SLIDE 4

WHAT WE’LL BE COVERING TODAY:

How to Make a Killing Investing in Older Properties!

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SLIDE 5

WHAT DO I MEAN BY “OLDER PROPERTIES?”

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WHAT WE’LL BE COVERING TODAY:

How to Make a Killing Investing in Older Properties!

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SLIDE 7

WHAT WE’LL BE COVERING TODAY:

How to Make a Killing Investing in Older Properties!

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SLIDE 8

1924

$600/month in cash flow
 $60,000 in equity

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SLIDE 9

1910

$1,000/month in cash flow
 $80,000 in equity

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1910

NEGATIVE $100/month in cash flow
 $0 in equity

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1922

Spent 2 years remodeling
 Lost $10,000 on the flip

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1912

Contractor spent 3 months remodeling
 Projected profit: $55,000

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WHY ARE SOME OF THESE OLD PROPERTIES AWESOME… AND OTHERS SUCK?

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WHAT WE’LL BE COVERING TODAY:

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WHAT WE’LL BE COVERING TODAY:

➤

Free Worksheet and Gifts

➤

About BP / About Me

➤

5 Reasons to LOVE Older Properties

➤

8 Dangers To Watch Out For

➤

3 Tips for Investing in Older Properties

➤

Lets Analyze an Older Home… Live!

➤

Pro Tools to Help You Succeed

➤

Q&A

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SLIDE 16

GRAB TODAY’S WORKSHEET!

It’s free… and it’ll help you organize the brain dump you are about to get.

www.biggerpockets.com/817worksheet

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SLIDE 17

Special Gift:

The

www.BiggerPockets.com/books WORKSHEET: www.BiggerPockets.com/909worksheet
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SLIDE 18

Special Gifts:

www.BiggerPockets.com/_______ www.BiggerPockets.com/______ (At the end!)
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SLIDE 19

ABOUT BIGGERPOCKETS

(Brandon Turner)

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SLIDE 20

BIGGERPOCKETS

The Real Estate Investing Social Network, Marketplace, and Information Hub.

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SLIDE 21

BIGGERPOCKETS

The Real Estate Investing Social Network, Marketplace, and Information Hub.

Blogs Forums Podcast Books Conference Meetups Videos Forms/Files Networking
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SLIDE 22

ABOUT ME

(Brandon Turner)

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SLIDE 23

BRANDON

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BRANDON

VP at BiggerPockets

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SLIDE 25

BRANDON

VP at BiggerPockets Real estate investor

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BRANDON

VP at BiggerPockets Real estate investor Guitar player & drummer

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SLIDE 27

BRANDON

VP at BiggerPockets Real estate investor Guitar player & drummer Author of “The Book on Investing with No (and Low) Money Down” 
 
 and The Book on Rental Property Investing

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SLIDE 28

BRANDON

VP at BiggerPockets Real estate investor Guitar player & drummer Author of “The Book on Investing with No (and Low) Money Down”
 New Dad!

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SLIDE 29 My family… :)
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BUT TODAY’S WEBINAR IS NOT ABOUT ME.

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IT’S ABOUT YOU AND YOUR GOAL TO 
 ___________.

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ARE YOU READY TO LEARN?

Then minimize distractions!

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MEOW THEN…

LET’S GET STARTED!

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5 REASONS TO LOVE OLDER PROPERTIES

Part I:
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5 REASONS TO LOVE OLDER PROPERTIES!

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5 REASONS TO LOVE OLDER PROPERTIES!

  • 1. LESS EXPENSIVE
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5 REASONS TO LOVE OLDER PROPERTIES!

  • 1. LESS EXPENSIVE
  • 2. RENT COMPARABLE TO NEW
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5 REASONS TO LOVE OLDER PROPERTIES!

  • 1. LESS EXPENSIVE
  • 2. RENT COMPARABLE TO NEW
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SLIDE 39

5 REASONS TO LOVE OLDER PROPERTIES!

  • 1. LESS EXPENSIVE
  • 2. RENT COMPARABLE TO NEW
  • 3. ABILITY TO ADD VALUE
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SLIDE 40

5 REASONS TO LOVE OLDER PROPERTIES!

  • 1. LESS EXPENSIVE
  • 2. RENT COMPARABLE TO NEW
  • 3. ABILITY TO ADD VALUE
  • 4. CHARACTER!
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SLIDE 41

5 REASONS TO LOVE OLDER PROPERTIES!

  • 1. LESS EXPENSIVE
  • 2. RENT COMPARABLE TO NEW
  • 3. ABILITY TO ADD VALUE
  • 5. THEY ARE EVERYWHERE!
  • 4. CHARACTER!
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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

Part II:
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BUT FIRST…

Part II:
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DON’T PANIC!

Part II:
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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING

Cast iron drains Roots in drains Iron supply lines No/bad venting Leaks/drips (PEX… yay!)

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL

Knob & Tube Junction boxes 100 amp service Too-few breakers Dangerous panel

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

source: EPA
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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT

Pre-1978 Exterior & Interior Common in trim Dust is the problem 3x3 Hire certified 
 contractors

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT 4. ASBESTOS

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT 4. ASBESTOS

Look for “fibers” Ceiling/floor tiles Duct-wrapping Siding More Hire a Pro

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT 4. ASBESTOS 5. FOUNDATION/
 BASEMENTS

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT 4. ASBESTOS 5. FOUNDATION/
 BASEMENTS

Water in basement Sloped floors Cracked foundation
 walls Cracked slab

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT 4. ASBESTOS 5. FOUNDATION/
 BASEMENTS 6. POOR INSULATION

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8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT 4. ASBESTOS 5. FOUNDATION/
 BASEMENTS 6. POOR INSULATION

Ceiling, walls, floor Does it matter?

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SLIDE 59

8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT 4. ASBESTOS 5. FOUNDATION/
 BASEMENTS 6. POOR INSULATION 7. TERMITES/BUGS

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SLIDE 60

8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT 4. ASBESTOS 5. FOUNDATION/
 BASEMENTS 6. POOR INSULATION 7. TERMITES/BUGS

Destroy walls, floors, ceiling, 
 joists, etc
 Can’t always find 
 them, but a pro 
 usually can.

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SLIDE 61

8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT 4. ASBESTOS 5. FOUNDATION/
 BASEMENTS 6. POOR INSULATION 7. TERMITES/BUGS 8. WINDOWS

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SLIDE 62

8 DANGERS TO WATCH OUT FOR WHEN BUYING OLDER PROPERTIES

1. PLUMBING 2. ELECTRICAL 3. LEAD PAINT 4. ASBESTOS 5. FOUNDATION/
 BASEMENTS 6. POOR INSULATION 7. TERMITES/BUGS 8. WINDOWS

Single-paned Wood or aluminum Not always bad! Fairly easy to
 replace

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3 TIPS FOR INVESTING IN OLDER PROPERTIES

Part III:
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  • 1. HIRE A

PROFESSIONAL INSPECTOR

Part III:
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  • 2. BRING THE

PROPERTY TOTALLY UP TO DATE (AND/OR…)

Part III:
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  • 3. BUDGET MORE

FOR REPAIRS AND CAPEX

Part III:
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(WHAT IS CAPEX?)

Part III:
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LETS ANALYZE AN OLDER HOUSE

Part IV:

LIVE!

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FLIP, RENTAL, WHOLESALE, OR BRRRR?

Part IV:
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TWO METHODS TO DO THE MATH:

BY HAND

SOFTWARE

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LETS ANALYZE AN OLDER HOUSE

Part IV:

www.BiggerPockets.com/analysis

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SLIDE 72 Part IV:

www.BiggerPockets.com/analysis

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SLIDE 73

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SLIDE 74

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SLIDE 75

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SLIDE 77

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SLIDE 105

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