Brandon Turner's Book 1.1457!!!!!! Lol
Hello everyone!! I'm a new real estate investor and I recently picked up Brandon's book "Rental Property Investing".. I'm hooked and can't put it down, I am having a major melt down over here behind an total ROI calculation and it's killing me!!! He gives an example of 123 Main street (total profit/total invested capital)/time in years. Which was $42,399.08/$35,950/5×100 = 23.5
He also stated the total loan was $60,000 and the payoff was $55,004.72 over 5 years....
He has 1.1475/5 to get 22.9% ROI....
WHAT IS 1.1475?!?!?!?!?!? LOL WHT DOES IT REPRESENT?!?!?!? WHERE ARE WE GETTING THIS NUMBER FROM?!?!?!
Plllleeeeeeeeease!!!! I havent slept for 2 days trying to figure this out.