Inspiring stories of active agents investing in real estate and building passive income. We'll dive into how they are delivering a high level of service to clients while spotting opportunities, negotiating with homeowners, signing deals, and building additional streams of income. You'll come away from each episode with practical tips, tactics, and action steps, while being inspired to open your eyes to the potential deals are all around you!
Episodes
Thursday Aug 31, 2023
Thursday Aug 31, 2023
Most real estate investors swear by tried and tested formulas to make a profit, but if we’re not careful, those formulas can burn us. Formulas are meant to be a guide, not the end-all-be-all decider for our deals.
Very often, what’s projected on paper doesn’t translate to reality, so going on the formula alone can get us into trouble.
How do some of the most common formulas fall short? What approach should we take when we go into deals?
In this episode, I share why relying on formulas alone can lead to us losing money.
In multifamily, consider how much the value can be increased so you can do a cash out refi later to buy your next property. -Tom Cafarella
Three Things You’ll Learn In This Episode
- Formulas are just the starting point
Losing money is probably the number 1 reason people don’t invest. How do some of the most common investing formulas lead to that undesirable outcome?
- Time heals all wounds, but not in fix and flips
How do the most common fix and flip formulas burn us?
- Make the profit when you buy
How do you set yourself up for success on day 1?
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