Cash Flow Friday Tip #28: Expert advice on how to avoid costly mistakes when underwriting your deals - with Bruce Kirsch

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 31 July 2015

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week's show I'm going to share with you a short segment that I recently recorded with financial modeling expert and founder of REFM, Bruce Kirsch. Bruce will offer a few quick tips on how to effectively analyze and underwrite deals to help us avoid any potential mistakes which could affect the final output that you end up with in your evaluation.

This is such a basic topic, but one that is so vitally important because making just one small input mistake in your financial evaluation can be the difference between a good deal and a bad one. There have been many times where I've run a property through my financial modeling software only to have the results seem much better than I originally anticipated, and in almost all circumstances, it was due to an input error on my behalf.

Recommended Resources:

Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

Transcript

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0:00.0	Welcome to Kevin's Cashflow Friday Real Estate Tip, where Kevin shares with you strategies and tips that will help increase your cash flow, make you a more sophisticated investor, and provide you with the tools necessary to take your real estate business to the next level.
0:19.5	Now, here's the man you've been waiting for, Kevin Bub.
0:23.3	Hey guys, Kevin Bup here with episode number 28 of the real estate investing for cash flow,
0:28.2	Cash Low Friday Tip.
0:29.7	Thank you for joining me today as I share tips and strategies that will hopefully bring you a ton of value
0:34.3	and help take your real estate business to the next level.
0:37.3	And in this week's show, I'm going to share with you a very short segment that I recently
0:40.9	recorded with financial modeling expert and founder of REFM, Bruce Kirsch.
0:46.8	And Bruce is going to offer a few quick tips on how to effectively analyze and underwrite
0:51.2	deals to help us avoid any potential mistakes, which could affect the final
0:55.7	output that you end up with.
0:57.8	And this is such a basic topic, but it's one that's so vitally important because just
1:01.7	making one small input mistake or error in your financial evaluation can be the difference
1:07.1	of a good deal and a bad one.
1:09.4	And here's what I mean by that.
1:12.1	There have been many times where I've run a property through my financial modeling software, only to have the results come out
1:17.4	to be much better than what I originally anticipated or what I thought they were going to be in
1:21.6	almost all circumstances. After I took the time to go back through and review all my inputs,
1:26.9	I found out that it was due to an
1:28.9	input error on my behalf. So this is a very important topic, and it's one that Bruce has some
1:34.3	great tips on, you know, how to avoid these mistakes. So without further ado, let's hear what
1:38.6	advice Bruce has for us on this topic.
	...

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