BiggerPockets Real Estate Podcast - Escaping Spreadsheet Prison When Investing in Real Estate

If you’re new to investing in real estate, you may not have run your first real estate analysis yet. But as soon as you start looking at properties, you’ll become a spreadsheet wizard in no time! With so many investors counting on automatic analysis from modern, hyper-specific real estate calculators, old-school investors beg the question “do these calculators really make a difference in the deal?” Today, expert investor, home flipper, wholetailer, and almost every other real estate title in the book, Jonathan Greene, joins us to talk about what new investors are missing out on. While many investors run spreadsheets and analyses before seeing a deal, Jonathan does it the other way around. Jonathan will drive to a property, walk the property, and then after taking a look at some specific parts of the property, will run a deal analysis. He walks through the system that not only makes this efficient but worthwhile. If you've been around the BiggerPockets Forums for some time, you’ve probably recognized Jonathan’s name (or face). He’s an active contributor, responding to forum posts almost every day and chatting with new investors every chance he gets. Jonathan has found deals, mentors, partners, and great friends thanks to online forums, like BiggerPockets. If you’re looking to get the most out of your virtual networking, Jonathan shares his five tips on extracting huge value from the collective minds of over two million real estate investors! ~~~~ Join BiggerPockets for FREE: https://www.biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Upgrade to BiggerPockets Pro to Get Access to Exclusive Blogs, Calculators, and More: https://www.biggerpockets.com/gopro?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Jonathan on BiggerPockets: https://www.biggerpockets.com/users/trustgreene?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow Jonathan on Instagram and Youtube: Instagram: @trustgreene or https://www.instagram.com/trustgreene/ Youtube: https://www.youtube.com/channel/UCjSVD40UDvi1BxVwMxEogSA ~~~~ Work with Jonathan’s Team: https://www.streamlined.properties/ ~~~~ Grab David’s Book “SOLD” and Pre-Order “SKILL”: SOLD: https://store.biggerpockets.com/products/sold-every-real-estate-agent-s-guide-to-building-a-profitable-business?utm_source=youtube&utm_medium=description&utm_campaign=none SKILL: https://store.biggerpockets.com/products/skill-a-top-producing-agent-s-guide-to-earning-unlimited-income?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Listen to Johnny Hoang’s Episode The BiggerPockets Podcast: https://www.biggerpockets.com/blog/real-estate-583?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok: Youtube: https://www.youtube.com/c/Robuilt Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow David on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ Episode 584 Show notes at: https://www.biggerpockets.com/blog/real-estate-584?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 03:16 Quick Tip 03:56 A 30-Year Investing Veteran 07:38 Going Beyond the Spreadsheets 14:09 How to "Feel" A House When Investing Out-of-State 17:19 Jonathan's Portfolio 21:24 Finding the Factors that Make a Deal 25:29 5 Steps to Finding Mentors, Advice, and Deals 42:36 Deal Deep Dive 52:47 Fire Round 56:35 Famous Four