From the course: Real Estate Analysis Foundations
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External considerations - Microsoft Excel Tutorial
From the course: Real Estate Analysis Foundations
External considerations
- Let's start a discussion about the external considerations with supply and demand. So, supply is the amount or the number of existing as well as upcoming competing inventory. So, let's look at the example of looking at single-family homes that you're going to buy to rent out, so you're looking at rentals, homes for rent. Well, there's an existing number of homes for rent, and one of the ways you can look for that is to look at the listings for homes for rent in your and see how many out there. How many are you competing with? Is it a few hundred or a few thousand? That can give you an idea of how competitive the market is. And if you're looking at building a new home, for instance, you want to look at, hey, are there other construction permits out there where there are new homes being built that are going to come online? So, you would be competing with those as well. Now, the other thing about supply is, you don't want to just look at direct competition. So, in our example…
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