Learn As You Earn SEQUENCE: (Understanding The Numbers)
No Replies
- 07/26/18 07:00PM - 09:00PM America/Los_Angeles
- Look for the Fortune Weaver's Flag , 16560 Harbor Blvd. Fountain Valley, California 92708
- Free
Disclaimer: BiggerPockets does not support or sponsor any meetups unless otherwise noted. Do your due diligence before attending any events. You may be agreeing to attend an event that includes promotion, pitching, or high-pressure sales tactics or techniques. Poster certifies that there will be no pitching of products or services at this event.
A MAJOR reason why most real estate investors fail is the inability to evaluate the numbers correctly and determine if a potential property is a good deal. Many times these include underestimating Renovation Costs (Rehab Cost) especially worse if unexpected issues arise, improperly running the comps (Comparable) to determine the After Repair Value (ARV), or overlooking the Holding Costs that are paid monthly until the property is sold. We are on the side of conservative and turn away most properties that are sent to us because the numbers just don't add up.
So for our next Meetup, we will be going over our exact formula for evaluating deals to determine if it is a wise investment or if we should pass on the deal.