We’re huge advocates of using data to estimate real estate opportunities. Looking at numbers is a large chunk of what we do, and it plays a crucial role in how we make the right call.
We’re huge advocates of using data to estimate real estate opportunities. Looking at numbers is a large chunk of what we do, and it plays a crucial role in how we make the right call.
But it’s also incredibly important to know exactly which numbers to look at. If someone is cherry-picking data, then their estimate is irrelevant.
There are a billion ways to look at the numbers. And if they seem too good to be true, there’s a good chance someone carefully presented them to look that way.
Every real estate investor needs a system for looking at data and a standardized set of numbers they focus on.
When we make estimates, we use a special, Done For You pro forma. It has proved to be a reliable tool over the years, and it allows us to analyze properties very quickly.
If you go to our website and check out our pro forma, you’ll see a bunch of numbers on it. Each of them tells a portion of the story, but some are definitely more valuable than others.
In today’s episode, we’re going to unveil what we think is the single most important number for assessing real estate investing opportunities.
We’re also going to break down our pro forma, explore various other dependable metrics, and talk about how it all ties into our idea of income replacement.
Key Takeaways:
Additional Resources:
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And remember...
Income replacement for you and your family may only be one property away!