💸 Buying a Cheap Property Might Lose You Money
Summary
Sean Pan discusses why the sticker price of a cheap property might not actually be a good deal. He suggests running the comps, calculating expenses like mortgage, property taxes, insurance, vacancy rates, maintenance and repairs, and property management fees before making an offer. He also shares a property calculator that shows the cash flow, cash on cash return, and total ROI and lets you analyze deals in under 5 minutes.
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