Questions about the EBook: "seven years to seven figure wealth"

[Moran Friedlander]

Hey everyone my name is Moran and I'm from Israel. I read the EBook "seven years to seven figure wealth" on the website and i have a few questions and thoughts i hope you could help me with:

1. In the 7 years plan, the first 3 property's Brendon bought were valued 100,000$ each and he purchased them for 80,000$ each by using 20,00$ out of his own money at the beginning with the first property, and then he used revenues from the property to purchase the other 2 property's. But in all 3 he have taken a loan of 75%. My question is if that is possible? According to your plan you barley paid 5% of your loan while taking 2 more loans at the same size....is that possible? I'm asking because in Israel, as far as I know, it's possible to receive 1 loan up to 75% from the bank and the second one can be up to 50% maximum.

2. How is it possible that his loan payments are so small? For the first property he paid of 3000$ in 3 years. That means 83.3$ a month for a 80,000$ loan. Is it actually possible to make such low payments?

3. If the answers to the first two questions is "yes", do the same conditions apply to foreigners? Can anyone direct me to a website that explain the limitations for foreign investors?

4. From the investments in Brendon's 7 years plan he is able to make 9600$ profit a year from one asset that he invested 20,000$ into. That close to 50% revenue a year from the rent alone! I don't know anything about the American real estate market, but in Israel real estate is one of the best investments as we are a small country and rent here can be pretty expensive - and still 10% return a year is considered a good return - but 50%? That's seem to me a bit too good to be true....

5. In the 7 year plan Brendon assumes that the assets value will rise 10% in the first year and from there 4% a year - what is so special about the first year and what means would you take in order to achieve that? Are there any improvemnts you will performe on the property? Also why do you assume the value will go up 4% a year?

6. If I would purchase a single home at the same price of a 4-plex will the revenue from the rent be the same? Instead of 4X200 would i be able to make 1X800?

I really hope that you would be able to help me answer these questions. I really enjoyed the EBook and the different articles and tutorials at Biggerpockets.com

Thank you for your time and help.