“Take all of your debts, list them smallest to largest… increase your income and decrease your outgo to at least $2,000 a month… 2,000 divided into 27 is 14 months you’re done.”
♫
Said on The Ramsey Show
“Once you've determined that, then you, you want to then make sure that the lease reflects those outgoings. If you don't do that, then your numbers could be totally out and the yield could be totally wrong.”
Dean Frith · Geared for Growth Property Investing Podcast · Ep. 356: The Commercial Property Mistakes That Can Cost Investors Thousands, with Dean Frith
Play from 6:27
6:27
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What was described
review and list all outgoings for a property, then ensure the lease explicitly reflects each outgoing
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“Reflection in action… reflection on action… then you apply that in your next lesson.”
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“What if we did two lists next to each other? One is all the things I need to do this week. And on the other side, here are all the resources to help me meet all of these demands.”
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