All Forum Posts by: Henry Dossantos

Can someone please help me?  I can’t get the same answer that was in the book.

For the ““HONE YOUR SKILLS: CHAPTER 7” the answer in the book does not make sense. When I ran the numbers I got a different answer. When I ran it through ChatGPT, I got the same answer that I came up with. Is the answer in the book wrong? Help!

Here is the question:

“You’re investing $10,000 in a deal that has three potential outcomes: 20 percent chance of tripling your money, 45 percent chance of breaking even, 35 percent chance of losing all your money. What is your expected value for this investment?”

The answer in the book is : $500

My answer (and ChatGBT’s) is : $2,500

What is the correct answer?

Hello John,

The files/pdfs were on the download page for the eBook.  Not sure what your download screen looked like but you might want to check there.  Good luck.  

Hello,

How will we know once the updated eBook is out?  Will BiggerPockets notify us?

Thank you for posting the same question! Let's hope we can have Mr. Meyer or Mr. Scott provide us with an update.  I have found three little typos so far.  I just finished Chapter 3.  

Hello Pam,

Thanks for replying!  We are in agreement; I don't think you can count the Tenant Security Deposit of $8,450 towards Owners Equity.  

So the mystery still stands!  How did they get to the $65,000 in Owners Equity?

Hello,

I just purchased the new book by Dave Meyer and J Scott; “Real Estate by the Numbers”. So far it is a great book!

I am trying to figure out how J and Dave got to $65,000 in the following section (I am reading the eBook version so page numbers won't correspond with the physical book):  Towards the end of Chapter 2; "Finally, notice that the owner equity in this business totals about $65,000; because John is sole owner of the business, that $65,000 is the value that John transfers to his PFS and can claim as his ownership value in the company.”

Everything up to this point was clearly explained on how they got to the number, except this $65,000. Can someone please provide some clarity?

Thank you very much for your help!

Cheers,

Henry

I would like to see an improvement in the BP site search features.  Below are some examples of items that I have recently searched for but did not easily find (if at all):

•Search for a recent or past webinar that I may have missed

•A blog post on the best way to set up your out-of-state real estate business

•How to find a real estate friendly CPAs

•Articles on how whether or not to form an LLC

•Information on the best type of insurance for your real estate business.

I know that data exist somewhere on BiggerPockets, it just was not easy to find.  Thanks in advance!