The reason Kiyosaki is controversial is because he challenges people's thinking.

Challenges?

I'm sure someone will challenge the amount of reserves per unit, but this is just for illustrative purposes and hopefully it gets the point across. 

It's a lot of work and many find the NC exam particularly challenging so make sure you ask lots of questions before you begin.

We estimate the After Repair Value as follows:We find the similar properties that have sold within the last 6 monthsThe properties must be in the same community and within a one mile radiusThe properties must be updated and/or renovated (If we're going for rental quality we'll look for properties that look like rental quality If we're going for condo quality we'll look for condo quality)The room count, bedroom & baths, must be similar (we'll make adjustments up and down if they are not similar)The square footage must be similar (We'll make adjustments if the difference in square footage is too large)We'll look for a minimum of 5 similar properties- We use 5 because when we have to challenge an appraisal they ask for 5 properties as part of the challenge)We use the MLS & a system called REMINE to find the similar properties.

Challenges?

Challenges?

I blew past this one by a mile currently at  $4,900,000 range.What are my main challenges: The first contractor I had, who did great on half my portfolio went sour. 

Challenges?

If deal number 1 is the hardest, I accept the challenge!