How to Calculate the Numbers on a Rental Property - Estimating Cash flow

How do you figure out if the numbers will work with a potential rental property? In this video, I will focus on cash flow and real estate math. A real estate investor makes their decision on whether they have a good deal by the numbers. I will cover 5 things to keep in mind when you calculate your estimated cash flow on a potential real estate deal. [0:40] Defining a good deal by cash flow [ 1:41] #1: Set a financial objective per door [2::41] #2: Don't underestimate variable expenses [3:39] #3: Validate utility costs [4:26] #4: Be conservative with fixed expenses [5:26] #5: Validate the seller's assumptions [6:18] "Back of the envelope" tip for cash flow 🗺️If you want help to align your personal financial goals with your new real estate investing strategy, check out this download: https/dwoodsrealestate.com/start 🗺️If you want help to map out the pros and cons of keeping or selling an inherited property, check out this guide: https://dwoodsrealestate.com/inherited-house 📨If you want to get more real estate wisdom beyond the videos, sign up for my email list: https://dwoodsrealestate.com/subscribe 📣If you enjoyed this content, please tell a friend and share the link: https://www.youtube.com/channel/UC6le83kyR0j_dlYGYRDJsaQ/ I am proud to work with my dad, Daniel Woods, and continue the legacy of Daniel Woods Real Estate, where we have been advising clients in the Philadelphia area since 1987. I am a natural connector who loves matching buyers and sellers, foodies with restaurants, and those in need of professional/career introductions. My passion is to help more people use real estate to create wealth, build a legacy, and design the lifestyle of their dreams. LET’S STAY CONNECTED ACROSS SOCIAL MEDIA http://dwoodsrealestate.com/letsconnect 🤙If you want to talk to me about Philadelphia real estate feel free to email me at veronica@dwoodsrealestate.com or call (610) 872-7926. Veronica Woods Daniel Woods Real Estate PA License #RS330592