I’ve added a short video tutorial about Income Analysis. I sometimes get upset when real estate Guru make mistakes. I take exception to Guru teaching erroneous methods of analysis.
The Guru was basically saying to analyze the income and expense as advertised and then decide whether the property is being offered at a good asking price. Else, just move on the next property.
Well, the asking price is not the wanting price. An asking price always has some padding to allow the seller to negotiate downward. Also, the asking price is irrelevant. The value of an income property is derived from the cost and structure of the available financing.
You can watch video tutorial below, which is hosted on YouTube.com. Be sure to go to the sales page over here to get more details and see more videos on how to get paid to buy income property for other people.