Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Question on 7 years to a 7 figures
Has anyone read 7 Years to 7 Figure Wealth by Brandon Turner?
I just finished reading your book. Great book. I'm new to investing and I am trying to read as much as I can to educate myself. I have two questions. I understand the concepts laid out in your book but I do NOT understand 2 very important fundamentals of the plan.
1. If a property is worth $100K, how would you be able to purchase it at a 20% discount or for $80K?
2. In the plan the appreciated on the property is 10% in year one and 4% there after. The 4% makes sense to me, but I am struggle to understand how the property would appreciate at 10% in year 1.
THANKS. Appreciate everyone's time and insight.