Larry loftis - Investing in Duplex, Triplexes and Quads

[Vincent Crane]

Who else has read this book? It has some great infomration in it, but he bought all these units right before the crash. He was buying with no money or 5-10% down and doing refi's to have no equity to buy more deals and speculate on 20% appreciation in Florida in 2005. I'd really like to know where his portfolio is today, a follow up to his original book to talk about what happened with him after the crash. @Brandon Turner Can we get this guy on a podcast or something?

[Jim Tee]

Hello Colin,

The answer to your question is as follows: He paid $390,000 and it appraised for $520,000. That is a difference of $130,000. The formula for percentage of profit is “profit ➗ cost = % of profit” so if he put 10% down $39,000, here is how he got the answer. $130,000 profit  ➗ $39,000 cost =( 3.33 or) 333%. 👍