Are you trying to buy investment property in the seller’s market 2018? Have you already lost a bidding war or two to another real estate investor?
Or maybe you have heard about all of the competition in today’s seller’s market and are looking for something to give you a competitive edge from the start.
There are two things that can really give you a competitive edge in a seller’s market: paying fully in cash and a rental property calculator. Of course, not every real estate investor, new or experienced, is afforded the luxury of being able to put forth a full cash investment. It would seem, then, that there is only one option left to put you above the competition: a rental property calculator.
Rental Property Calculator vs. a Seller’s Market
In some of the most competitive seller’s markets, real estate investors are buying any investment property they can get their hands on. Some are even walking away with investment properties they’ve never even laid eyes on. Any real estate expert will tell you this is not the smartest approach to real estate investing.
But, because investment properties are flying off the market at such speed, a real estate investor needs to be quick, but smart. Those are the exact two words I would use to describe a rental property calculator: quick and smart.
Related: Rental Property Calculator: Why Every Real Estate Investor Needs One
Be Smart
You don’t want anything but the best real estate investments in a seller’s market or even a buyer’s market. You want to find a property that won’t feel like an impulse buy when it’s all said and done. With the real estate investment analysis of a rental property calculator, a real estate investor will not end up with buyer’s remorse in a seller’s market.
Be Quick
But who has the time for a manual comparative market analysis or investment property analysis? Who has months for an investment property search when the typical days on market for investment properties in the average seller’s market is so much less than that? With a rental property calculator, a real estate investor can actually find an investment property in 15 minutes. At the end of those 15 minutes, the investment property will be fully analyzed and all that would be left is to visit the sight and inspect the property.
To learn about our rental property calculator, click here.
If you want to beat the days on market and end up with the best real estate investments in a seller’s market, use a rental property calculator.
A Rental Property Calculator Gives You Options in a Seller’s Market
There are two steps to find a property: find a real estate market that promises a good return on investment and find a property that will deliver on that promise. Let’s take a look at how the rental property calculator walks you through the steps, all the while giving you a competitive edge in real estate investing along the way.
Not Just One Great Real Estate Market…
A rental property calculator can help you choose a real estate market. This real estate investment tool does this by presenting you with each of the following return on investment metrics for any real estate market:
- Median Property Price
- Cash on Cash Return
- Cap Rate
- Rental Income
- Occupancy Rate
The best rental property calculator will, of course, show these return on investment metrics for both traditional and Airbnb rental property as well as various types of investment properties (single family homes and multi family homes).
Because this is done in a matter of minutes, you won’t spend months looking for one great real estate market. You’ll spend minutes and end up with a list of great real estate markets to start your investment property search with. In fact, without a rental property calculator, searching in different real estate markets at the same time is very difficult and so you’d be limited to one, maybe two real estate markets.
Supplement the numbers of real estate markets with the hard facts about each location to narrow down the list of the best place to buy investment property even further.
Related: What Makes for the Best Place to Invest in Real Estate?
From there, you won’t jump directly to looking at investment properties. With the rental property calculator, a real estate investor can then investigate the return on investment metrics for individual neighborhoods and find the best places to invest in real estate in each market.
Not Just One Great Investment Property…
Once you know the best real estate markets to invest in, you need to find investment property. A rental property calculator will complete investment property analysis at this point. This means that, with details about your rental property mortgage and other expenses, you can see before you the kind of return on investment you’ll get. The cash on cash return and cap rate will help a real estate investor decide if an investment property is a smart real estate investing choice.
Related: How Can I Find Real Estate Property for Sale Near Me?
A rental property calculator also shows you the optimal rental strategy for an individual rental property, so you can plan your real estate investment strategy right from the start. This is smart real estate investing, of course.
Compare investment properties and compile a list of options to go after.
To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.
The Advantage of Options
Once the rental property calculator has completed the investment property search for you, you could end up with a list of promising investment properties across multiple real estate markets to go after.
Imagine if you don’t use a rental property calculator. You spend a few weeks and find one real estate market with potential. Another few weeks is spent narrowing down the neighborhood and finding an investment property. You end up in a bidding war and lose out on that investment property. You’re back at square one. You need to start your search for the best real estate investments all over again. By then, the best real estate investments will have already been bought up.
This is the frustrating reality of a limited seller’s market without a rental property calculator. However, armed with a list of options in a no-option seller’s market, you can keep making offers and your chances of landing one of the best real estate investments is increased greatly.
Overpaying in a Seller’s Market Is Not an Issue with a Rental Property Calculator
Speaking of making offers on investment properties, a rental property calculator combats the trend of rising prices and overpaying in a seller’s market. Besides the comparative market analysis that shows you the market value, the real estate investment tool allows you to put in a “custom price” for the investment property. So, if a bidding war pushes the price far above the original listing price, you can continue to monitor how it will affect your return on investment with your unique rental property mortgage. In this way, you can back out when the investment property goes from being one of the best real estate investments to a money-drainer.
Where Can You Find the Best Rental Property Calculator?
The only place to really get a unique competitive edge in a seller’s market is here, on Mashvisor. Mashvisor’s rental property calculator will offer every advantage to a real estate investor in a competitive market.
A feature that allows me to confidently say Mashvisor’s rental property calculator is the best real estate investment tool out there is the property finder. You can go the traditional route of using a rental property calculator as discussed above or you can use the property finder. The latter is the better option in a seller’s market.
Be smart with the property finder. The property finder returns all of the best real estate investments in a market (with the help of your search criteria) based on return on investment.
Be quick with the property finder. Rather than spending the time to compare investment properties, the property finder cuts down even more time by showing you this list in seconds.
To start your 14-day free trial with Mashvisor and subscribe to our services with a 20% discount after, click here.
You need a competitive edge in a seller’s market. You need a rental property calculator. If you plan on hitting the market this year, don’t do it without this real estate investment tool.