Short Term Rental Riches 10. The $67.5 Million Deal
Jan 14, 2020
Numbers are key to making savvy investment decisions, whether you're eyeing a $100,000 property or a $10 million deal. Emotional attachments can cloud judgment, so focus on analyzing the returns you expect. A captivating anecdote illustrates the power of data in determining the viability of a significant transaction. Plus, discover essential tools like an analysis spreadsheet to streamline your investment evaluations. The overarching theme is clear: let the numbers guide your real estate journey.
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Invest by the Numbers Only
- Base any investment decision mainly on the numbers to determine if it meets your return criteria.
- Avoid emotional attachment to properties and always check that the deal fits your financial goals.
$67 Million Apartment Deal
- Tim recalls evaluating two large apartment buildings worth about $67 million during his commercial brokerage days.
- Despite the deal size, the numbers Tim and his boss came up with closely aligned, reinforcing the principle of data-driven decisions.
Use Tools to Analyze Deals
- Use online tools or spreadsheets to quickly analyze whether a property meets your investment criteria before committing time.
- Know your target returns and stick to them, regardless of property size or emotional appeal.