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Updated over 4 years ago,
Can someone please explain me about this blog I've mentioned?
I was reading an interesting blog
https://www.biggerpockets.com/...
written by Brandon Turner but I did not understand couple of things from this blog which was =
1. How is our loan for $63,500 after paying 20% of $80,000 in Year One. Shouldn't it be $64,000.
2. In year one how is our equity $46,500 in year one?
3. How is our total net worth $56,500 in year one?
and can a property really be appreciated by 10% in one year by doing some minor repairs and improvements in it?
Can some one please explain?