How To Calculate If A Rental Property Is Profitable Or Not

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How To Calculate If A Rental Property Is Profitable Or Not
✅ Visit my website at www.darrenvoros.com/
****DISCLAIMER:
With any and all investing you should always obtain independent legal, taxation and financial advice from a licensed professional before investing any of your own money.
Time Map
00:00 in the video
00:10 4 ways to calculate if a rental property is profitable or not
01:25 The 1% rule
02:04 The .7% rule
03:06 The 50% rule
03:40 Quick Mortgage Calculator rule
04:40 special Hacks
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Darren Voros
Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV). Darren was also the behind the scenes contractor on “Save My Reno” (HGTV) and “Game of Homes (W Network).
Darren is an accomplished real estate investor, trainer and coach. He controls a portfolio of properties worth just over $30,000,000 and has travelled across North America educating, inspiring and motivating audiences on the subject of real estate investing, financial independence and financial literacy. Darren’s willingness to give back prompted him to launch his RU-vid channel in 2020 in order to have a wider reach in educating investors.

Опубликовано:

4 июл 2024

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Комментарии : 21

@kaltes2028 Год назад

Excellent quick thinking ideas. Very useful technique.

@NiagaraRegionLiving 2 года назад

Do you have a video analyzing rental market rates to know how much you can rent for?

@junehappy20 2 года назад

What do you include as your expenses in your $ 1000 per month? It seems like a very big number...

@kareemhazard9294 10 месяцев назад

THANK YOU!

@DarrenVoros 10 месяцев назад

You're welcome!

@gerardofernandez8373 Год назад

Thank you, Darren, for your videos! Really informative and I'm learning a lot. I live in Vancouver and, crushing the numbers in many areas, I find ratios between 0.2% to 0.4%.... Wondering what would be a good source of information to be able to identify markets where you can find ratios between 0.7% - 1%.

@icarium6031 Год назад

Isn’t Vancouver one of the biggest housing bubbles in the world?

@DarrenVoros Год назад

Tough to find the .7% rule and the 1% rule in Vancouver. Unless you can put multiple suites in one property. Even then, it's tough because of the high purchase prices. Check out some other markets in BC and maybe look at Alberta.

@lk4648 2 года назад

Where can you find today property in ON that cost $220K???? Unless it's a very old one

@martinezx2937 Год назад

Oklahoma

@nezihvarisligil7140 11 месяцев назад

I like the video but it also makes me question one thing. How can you have a $1k expense /month on a sub 300k house?

@DarrenVoros 9 месяцев назад

Property tax, utilities, insurance. property management, repairs and maintenance, etc.

@GenuineGents 2 года назад

I feel like based off those rules I have to walk away from investing anywhere in my province of BC... 🤣 Unless I plan on targeting a market of drug addicts and dealers in a small town in the middle of northern BC?? Any tips for more expensive markets (ie Kelowna, Kamloops, Burnaby area, Victoria)??