If you want to be a successful real estate investor, you have to know how to run the numbers! 🧮
🏠Income: Determine the realistic rent you can charge. 💸Expenses: Account for all operating costs. ☔️Reserves: Save for unexpected expenses. 🏦Debt Service: Calculate the mortgage payment. 🤑Cash Flow: Your profit after expenses, reserves, and debt.
Analyzing deals (also referred to as “underwriting”) may take time and practice, but learning to assess the numbers accurately can be the difference between a good vs. poor investment. Always run your numbers! 📊
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