Mastering Your Numbers: The Ultimate Property Investing Cheat Code
About this episode
Simon discusses the importance of understanding financial metrics in property investing to gain a competitive edge.
Simon breaks down why knowing your numbers is the ultimate competitive advantage for property investors. You'll learn how to quickly analyse property deals in under five minutes, factor in hidden buying costs like stamp duty and finance fees, and confidently evaluate Buy-Refurbish-Refinance-Rent (BRRR) projects even when money is left in the deal. KEY TAKEAWAYS Knowing your numbers and quickly identifying viable deals saves you hours of over-analysis and prevents overspending. Many investors overlook the true impact of hidden buying costs, such as stamp duty, legal fees, and financing rates, which can render standard purchases unviable. Even if a BRRR project requires you to leave capital in the deal, a high return on investment (ROI) can still make it an incredibly lucrative opportunity. Providing property surveyors with a well-prepared valuation pack increases your chances of achieving the end value required to successfully refinance. BEST MOMENTS "Knowing your numbers, and being able to work out very quickly if a property purchase is a deal or not, will save you hours and hours of time of over-analysis." "As investors, we must always be following golden rule number one…
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- How To Buy Two Properties For The Price Of One
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