Mortgage vs. expenses in Analysis
I am just starting out as an investor. It seems when I run numbers on a potential deal, the month to month expenses are a bigger issue than the mortgage. What I mean is when I run numbers as Brandon Turner suggests, I need to alter the price of the property a ton to have it make a deal work. I'm able to get the numbers to work quicker if I'm able to add value to the property so I can increase rent or somehow reduce month to month costs. The expenses vs. income seems to be a bigger issue than a change in the cost of acquiring the property. I'm open to any thoughts from others on this topic. Is there something I'm not considering?