Five years in, we’re at 350+ units, and while it’s not an easy journey, it’s one of the most fulfilling ones.

1. overestimate ARV2. underestimate repair costs3. trusting contractors4. doing anything DIY or without permits5. not counting holding costs, especially with hard moneyThose are five common ones.

One hundred and twenty-five. well I guess it better than a 125.00 capital call.. 

Could you send them a credit/debit card you can reload from America?

Across ten doors I've had three turnovers in five years and one of the ladies that moved out (she wanted a larger house) still calls me occasionally to see if I have something available again. 

Quote from @Jake Baker: @Andrew Syrios I looked at my last five flips to calculate the rehab cost overrun; the average was 15%.

Mostly on trade accounts with local businesses for the materials, some business credit cards, some of the contractors were OK with waiting 30 days for payment. 

No, meaning that if you had professional support it's likely they helped you set the table for later.This much structure with five properties can be overload and proper planning.

The best way to find a handyman is to look for business cards at coffee shops and local restaurants.

On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?