Multifamily is valued off of Cash Flow (NOI - Net Operating Income): - Fancy way of saying - rents come in, expenses go out, what's left is your NOI. - NOI divided by the purchase price = Cap Rate- MF is sold off of cap rates- If you can live in one unit, improve it while living there over a year, rent it for more, and move into the other units (4 units over 4 years), then once you move out fully you'll have 4 renovated units which will be improved, rent for more, increase your NOI, and ultimately increase your value. 

It doesn't need to be a fancy car, but you can tell a lot about a person on how they keep their car.

This helps big time because I learned a lot of laws in the course and also have a better understanding about fancy terms used in real estate, the mortgage process, buying process, selling process, etc.

We always encourage our students to worry about the fundamentals (e.g. finding good deals, accurate cashflow projection, finding good tenants, etc.) now, and later on you can get fancy with asset protection and whatnot if you want.

Later on you can get fancy, but when you're first starting out, there are so many new things to pay attention to that you want to concentrate on what's absolutely necessary for success.Please don't hesitate to reach out by PM at any time!

I believe it is.If a house is in such a horrible neigbourhood that it doesnt justify an extra 300-500 dollars for a fridge, I then rather question if the house is even worth flipping.You are competing with all the other houses on the market.Take our flip from last yearhttps://www.zillow.com/homedetails/9-Princess-Pine...We bought it for 64.5K.We were going to list it for 250K but because of our awesome finishes we decided to list it for 299KWe sold it for 335Khttps://www.trulia.com/p/ct/clinton/9-princess-pin...People think it is the expensive stuff (expensive granite or fancy cabinets) that sells a house.Wrong!

Much better than any other fancy software out there which are very costly and buggy.

They don't have to be fancy and I have had great success with this path.

No fancy soft vinyl flooring.

We've probably all heard the oft repeated one about (fill in some current celebrity here) who rents some swanky pad in Beverly Hills or some fancy part of LA and proceeds to completely trash this multi million dollar home.Instead, I'm talking jurisdiction and my point is borne out well by the comments here on page two.