A building making $180K in revenue sounds pretty dang good right? WRONG.
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You got management. Vacancy. Maintenance. Turns. Utilities. Taxes. Insurance. Then the payment to the seller (if seller financed). All of that comes out BEFORE you see a dollar.
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Comment or Dm READY for a detailed breakdown on how this works.
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By the time it's done, a building that "makes $180K" might put a few hundred bucks a month NET PROFIT.
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The key to knowing if a deal is for you is simple:
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Decide what number you want take home monthly and find a property that brings in enough revenue to cover all expenses AND your net profit amount.
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If you're curious where to find these deals, how to negotiate them, and close with ease... join me live next week for a step by step breakdown.
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Comment or Dm "READY" and I'll send you the free rsvp link.
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#realestateadvice #investors #investingreels