Day 1 – Part 1
Evaluating The Numbers On Your Real Estate Investment
“The devil is in the details.”
While most people think their home is an asset, it’s mostly a liability. And the devil is actually in the numbers.
In this call, Paul discusses the concept of economic rent.
He then runs through the numbers on actual investments – interest rate, insurance, improvements, stamp duty, depreciation, taxes, etc. – to determine if the investment was an asset or a liability.
This is followed by a discussion on the current economic climate and investments in general.