Take these costs and multiply by two, and deduct that from your purchase price to compensate you for your efforts.Feel free to reach out to me directly, I have bought several buildings over the past 20 years.

I couldn't convince them despite the obvious situation that if you breathed, you got a mortgage.The funny thing about RE Motivational books is that they are really GREAT when times are going well.... but they are the worst to be convinced when the Economy is looking over the edge of a cliff, just before it is about to crash and burn.That's where the Real Education comes in.If you only do calculations that are geared towards the present, such as Cash on Cash Return (CoCR), Gross Rent Multiplier (GRM) or even Cap Rates but you don't do any Future Calculations such as Internal Rates of Return for a pro forma 10 year projection, you will not think about what is going to happen in the next 10 years.