
22 July 2024 | 6 replies
When you break down the numbers by individual properties using the first purchased property as a templated for the additional properties purchased however, you will notice that the numbers being used in the example are not scaling correctly.It took me some time to figure out why the numbers were not scaling and adding up correctly but I finally believe I at least partially figured out why the numbers didn’t add up.By the end of year 3 the 3 properties are owned for the following lengths of time and reflect the correct numbers associated with that length of ownership (loan balance, equity, property value, etc).Property A - owned 3 yearsProperty B - owned 1 yearProperty C - owned 0 years, it will be purchased at the start of year 4But by the end of year 4 the properties should reflect the following years of ownership with their respective numbers associated with the years of ownership (loan balance, equity, property value, etc).Property A - owned 4 yearsProperty B - owned 2 yearsProperty C - owned 1 yearHowever the summary total numbers that were provided in the book for all 3 properties at the end of year 4 did not add up correctly.

22 July 2024 | 5 replies
So both are easy "no's" for me (and no need for me to go to my additional critera...but where both also fall short in multiple areas).A different investor coming from a different place will feel differently (and may love both).

22 July 2024 | 2 replies
You’ll want to have your numbers in order—this means understanding how much the property could sell for, what repairs might be needed, and what kind of offer makes sense for you.When you do contact the homeowner, be upfront and personable.

23 July 2024 | 4 replies
So, dive in, stay curious, and make the most out of what Bigger Pockets has to offer!

23 July 2024 | 10 replies
He offered the course on 8-Track...well, I suspect he did.

23 July 2024 | 12 replies
I would look at both and write offers in both markets till you find a deal that works.

25 July 2024 | 19 replies
Another way to find a mentor is to try to offer them help and something of value so you can learn and also help them in return.

24 July 2024 | 31 replies
If you have enough room, it's always great to have one extra amenity that not many other properties offer.

23 July 2024 | 6 replies
Being in a commercial shop right out of school means you'll be thrown into an environment that offers a lot of upwards growth & mobility.

21 July 2024 | 9 replies
And they'd be able to use the additional depreciation to write off regular income and save about 5k on their taxes.So what is the real return on their 95k investment.