Getting Accurate Numbers For Investing
I have heard more times that I can count that to be successful in real estate you need to run the numbers and only invest in properties where the numbers make sense. In theory I get that. But it seems that running the numbers is the easy part.
The difficult part is getting accurate numbers. That leads me to my question. How do you know that your numbers are accurate? How do you know that the property taxes won't go up? How do you know that the amount that you can rent the property for is accurate? Sure you can ask a property manager what they can rent the property out for but there is no guarantee that number they give you is accurate. They could be mistaken or just lying to you so you will hire them.
I appreciate you thoughts on this matter.
Brandon