Rookie Investor Tip: Know Your Numbers

Rookie Investor Tip: Know Your Numbers

 

Today's tip is all about why you need to know your numbers.

Now I can't stress this enough because when it comes to buying property as an investor, it's really all about the numbers and there has to be no emotion involved in it.

When it comes to knowing your numbers you have to know how to run numbers, how to figure out positive cash flow and how to determine your return on investment.

That's really what's going to make the decision for you about whether you move forward on a property or not. So it doesn't matter whether you're a brand new investor or you're somebody who's been investing for a long period of time.

You have to know your numbers.

If you know your numbers and you stick to the calculations, the formulas, your return on investment goal and standard you'll make good investments.

When it comes to analyzing deals, it actually takes the emotion out of the equation completely and so you can just base your decision of whether or not to buy a property on what the numbers tell you.

So I can't stress this tip enough...

Take the time to learn how what numbers you need to know and to know how to run the numbers.

 

 

2 Comments

  • Timmy

    Reply Reply August 29, 2018

    Interesting tips tackled in this blog. This is really helpful. Thank you!

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