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Episode 94 – This video tells the entire story of an investment property I bought in 2009 right in the middle of the Great Recession. Banks weren’t loaning a lot of money at that point especially for a property with an old 1938house and 3 old mobile homes.
But the numbers seemed good, so I bought it, figured out a way to get the money, and kept it as a rental ever since. Now 12years later, I decided to take a deep dive on the cash flow numbers to see how we ACTUALLY did financially. In this video, I share all the details with you so that you can analyze and understand your own rental properties better.
▶ Next Video: My First Rental Property (17 Years Later) How Much Cashflow I Actually Made: • My First Rental Property (17 Years La...
Topics Covered:
0:59 Property specs
4:16 Location and lots
6:06 Purchase price
7:17 Financing & cash
9:41 Income estimate
12:54 Income & expenses since 2009
19:17 Internal rate of return in 2020
23:02 Change in resale value
25:37 Estimated rents over next 10 years
27:17 Internal rate of return in 2030
30:44 Would you buy this deal?!?
Video Links:
• How to Analyze a Rental Property (No Calculators or Spreadsheets Needed): • How to Analyze a Rental Property (No ...
• Copy of my spreadsheet from video: https://www.coachcarson.com/mymobile...
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