One of the great benefits of using the Real Estate Calculator is that it automatically calculates the Net Cash Out, as well as the resulting Rate of Return. All you or the client must do is plug in the numbers, and you’ll see how good your deal is. However, there’s a difference between seeing the results for yourself and verifying them through your own analysis. One of my favorite ways to demonstrate this in Truth Training is using the Rate Calculator. This simple calculator allows you to plug in variables
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Finding the Best Deal in Real Estate Analysis
Whether you’re an amateur or long-time veteran, a smart real estate deal always starts with research. So how do you properly analyze a real estate deal? Whether you’re looking at a residential property, or an investment, don’t go in without doing your due diligence. That’s where the Real Estate Analysis calculator comes in. Let’s start with a real world example. A couple, after making some wise decisions about their financial strategy, had some available capital to do with what they liked. And when you’re in a position of cash, opportunity
Read MoreTruth Tip, Real Estate
To enter in an interest only loan in the real estate analysis calculator, set the months to “3000.”
Read MoreTruth Concepts on YouTube.com
New Truth Concepts Client Presentations! We’ve been busy loading up our Truth Concepts YouTube channel with videos for you! Now there are 15 videos featuring Todd Langford and/or Truth Concepts software. The YouTube channel houses our Truth Concepts, Truth Concepts Academy, and Summit videos, as well as several presentation videos and Banking for Life excerpts and outtakes with Todd Langford. Eight of the newer videos are from a client event at a local insurance brokerage. We recorded and “screen captured” Todd’s presentations and divided it up by topic. (FYI, Todd’s
Read MoreHow do I tell if my Real Estate deal is a “good one”?
You’ve got to learn how to analyze the ROI of a real estate deal! Inside www.truthconcepts.com software is a one page Real Estate Analysis Calculator that enables you to put in simple information and get a ROR on your invested dollars. It does require you to set a time frame and you’ll want to know some detail. So let’s look at a $200,000 deal that we actually bought for $200,000. Remember the price and the value are not always the same. We’ll identify $5000 for closing costs, a land value (since only
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