How to Analyze a Rental Property... The 5 Essentials You Need to Know Before Investing | Ep 140
The BetterLife Podcast: Wealth | Real Estate Investing | Life
Brandon Turner & Cam Cathcart
4.8 • 767 Ratings
🗓️ 18 April 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
🏠 JOIN MY FREE 5-DAY DEAL ANALYSIS CHALLENGE
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🧔♂️ WHO AM I?
Our names are Brandon Turner and Cam Cathcart! We teach people how to BUILD WEALTH WITHOUT LOSING THEIR SOUL through real estate investing!
1️⃣ WANT TO GET YOUR FIRST DEAL?
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📈 WANT TO SCALE YOUR EXISTING PORTFOLIO?
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🔁 WANT TO LEARN HOW TO FLIP HOMES?
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🙏 SPONSORS
• TurboTenant: Market your rental, screen tenants, and collect rent… all in one place! Use the code BRANDON10 to get 10% off upon sign-up at https://go.abetterlife.com/tt_pod_landing Or check out all of their incredible FREE resources for landlords at https://go.abetterlife.com/tt_pod_toolbox
• BetterLife Tribe - If you're an existing real estate investor and you want to scale but you don't know how to supercharge your journey, just know... I've been there! And if that's you, check out my personal mastermind for EXISTING INVESTORS ONLY called the BetterLife Tribe at https://go.abetterlife.com/blt_pod_landing
🎥 DESCRIPTION
I break down the most critical skill in real estate: deal analysis. I walk through my personal framework for running the numbers, spotting red flags, and separating “phantom” cash flow from real cash flow. If you want to buy properties that actually build wealth—not bankrupt you—this one’s a must-listen.
In this episode, we also talk about:
• Why deal analysis is the #1 skill in real estate
• Four key theories for analyzing deals
• Phantom vs. pure cash flow explained
• Common expenses most investors overlook
• The truth about CapEx and hidden costs
• How to calculate true ROI and cash-on-cash return
• Red flags in pro formas and broker numbers
• and SO much more
❌ DISCLAIMER
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Transcript
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| 0:00.0 | This is the Better Life podcast where we talk about real estate investing, building wealth, |
| 0:04.0 | and all in all living a better life. |
| 0:06.0 | My name is Brandon Turner, and I've spent my life investing in real estate to achieve financial freedom. |
| 0:11.1 | And alongside my co-host, Mr. Cam Cathcart, we want to help you do the same. |
| 0:15.4 | On the show, you're going to hear from world-class guests who have been handpicked to help you level up your investing, your leadership, |
| 0:25.7 | your goals, your habits, and more to become the very best version of yourself. So join us as we explore the habits, the actions, the beliefs that it takes to build wealth through real estate |
| 0:29.8 | investing without losing your soul. All right, everybody, let's talk deal analysis today. So I've been |
| 0:34.6 | preaching this for decade or longer, right? Like, deal analysis, |
| 0:37.6 | knowing how to run the numbers on a rental property is like the most important thing. Like, |
| 0:41.2 | if you can't get that right, it doesn't really matter how good of a property manager you are. |
| 0:44.8 | It doesn't really matter how good you are at finding deals. You can be the best wholesaler in the |
| 0:48.6 | world, finding all these great deals. If you can't do your math, it just doesn't matter. You have to be good at the math. You make your money when you buy. |
| 0:55.0 | How do you know that? |
| 0:56.2 | The math, that's what shows you it. |
| 0:57.8 | But the vast majority of real estate investors don't know how to actually underwrite a deal. |
| 1:02.0 | Most people buy based on their gut, based on just a preliminary napkin analysis, based on what |
| 1:07.0 | they think is going to be a good deal, based on smoking a lot of hopium, just hoping that it's going to be good, but they don't actually know if it's a good deal or not. |
| 1:15.3 | So today, I'm going to lay out bunch of stuff all around deal analysis. |
| 1:18.6 | I really want this to be like the ultimate guide to looking at cash flowing rental properties, |
| 1:23.1 | whether or not you should buy them or not. |
| 1:24.4 | I'm going to lay out what I call four theories of analysis. I'm going to talk to you big difference between phantom cash flow and pure cash flow. You've |
| 1:30.4 | probably heard me rant on this before. I'm going to do it again because I just am so tired of people |
... |
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