Phase 2, Explain the Budget and Secret Sauce: - Focus on your budgeting skills not revenue projections, anyone can predict big revenue

My other question about going BRRRR right now is whether buying long-term investments right now would be a solid investment, given that many people predict the market will drop in the next couple of years?

I would be curious to see your real returns compared to predicted, if you do not mind sharing.Best

The economists seem to be predicting a bullish housing market going forward based on the numbers.

Eventually, the owner will have to realize what the market is saying about their predictions, and thus, will reevaluate their ARV prediction and change the seller's price, assuming a motivation to sell is present.

I will assume you are talking a condominium with an association that is run by a board of directors.Understanding the financial condition of the association will allow you to predict smooth sailing in the future or a bumpy ride.

One can never predict the circumstances life throws in their face sometimes.

I have also predicted locations to be poor and turned out pretty good.

I would have to get a mortgage but I can almost guarantee all year round renters.Scenario 2 is a small chalet up in the ski resort that will cost 40,000 and predicted 9% annual return.I can buy this outright.Is there a rule of thumb for these types of investments?

That is what our other one is that we bought, and it rents for $800 I just want to be on the safe side when predicting numbers.