According to McPherson, “a partnership is a bridge with people working together to get from here to there. But because people change and businesses evolve, a partnership is a temporary arrangement— even if it lasts thirty years.”The critical element for these two founders is their vision. “The two most devastating events in a person’s life,” [...]
Archive for the ‘merger’ Category
Becoming emotionally involved in a credit
I walk away from most deals at this critical point. I make this statement because by now most people are emotionally involved in the property and the process and are reluctant to say no go to a deal. It takes me about thirty minutes to do the Five Step Property Valuation process once I have [...]
Credit for property is a good investment
Before we go any further, I want to point out that if after your analysis you don’t think the property is a good investment, in other words, if the net cash flow is too low, then you may need to walk away from the deal or offer a much lower price to make the numbers [...]
Find out your actual credit profit
The very last step is to find out your actual profit by subtracting your loan payment from your projected net operating income. Using the net operating income of $22,368 and subtracting the loan payment of $20,010, the projected profit on this property is $2,358. Is that good or bad? Well here’s how you know. You [...]