The question the 24-Week Challenge poses is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? Zack Childress is taking us through the steps to get to the answer.
We’re almost at the end of the challenge. This is week 22, and you’ll be learning about analyzing real estate deals. We want you to make deals that make you money, and financial analysis is the tool for that.
The main thing you want to know about every deal is the cash on cash return (COCR)… what your money is earning for you. ARV, LTV, NOI, etc. We’re going to swim through the alphabet soup on this podcast.
You must remember that real estate is a commodity and commodity values change constantly based on supply and demand. You can start a deal under an assumption that can change before you resell the property. That’s just a warning that you have to stay on top of every detail.
Every deal you make should be improving your credit. If you need to have a job to get your credit stable, then get a job. If you don’t have good credit, you won’t be able to take advantage of leverage.
And leverage is everything. It allows you to use other’s people money and maximize you cash on cash return. Listen to Zack do the math. Listen twice to be sure you get it all.
“You can’t wish yourself rich. You’ve got to get up off the couch and you got to make it happen.” Zack will teach you how.
Watch and learn:
Listen and enjoy:
- Learn to analyze every potential deal
- Crack the financial acronyms riddle
- Zack gives you 3 questions to ask about every deal
- Leverage your way to millions
Mentioned in this episode:
- Reach Zack by phone: 707.247.4248
- Follow Zack on Facebook: REI Success Academy Facebook
- Zack’s Book: My First Deal Playbook
- Instruction from REI Success Academy: Web Class