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This principle states that 80% of results come from
20% of actions taken.
This principle is often misconstrued because they
believe the 80/20 is based on effort but in reality it is
intended for you to focus/prioritizea task that will
create the max results (so you still have to put 100%
effort into that 20% focused task).
When you understand this concept, it will catapult
your results based on how you prioritize tasks that
lead to the most impact.
This principle can serve any industry.
Within real estate, it can be used for:
Property selection (investment portfolio's value
growth)
Tenant management (tenant retention, efficiency
of property management)
Revnue generation
Assessing financial health of RR business
Have you heard of this principle before? Comment
below *
5payment can range from0 to 5%
However, the lower the down payment (<20%) you'll
need to pay Private Mortgage Insurar
If you don't have 20% down payment and want to
avoid having to pay PMI:
"no-PMI" mortgages (will pay a higher interest rate,
leading to higher costs long term)
a piggyback mortgage (finance 80%, add a second
mortgage for 10%, and 10% via cash)
ask your lender about first-time buyer programs
and grants (reduces premium)
can receive gift from friends or family
If you're looking to buy your first home and would like
to house hack and be held during the process to
come out as an investor, comment or DM "HOUSE
HACK"
5
Aka "The 80/20 Rule"
This principle states that 80% of results come from
20% of actions taken.
This principle is often misconstrued because they
believe the 80/20 is based on effort but in reality it is
intended for you to focus/prioritizea task that will
create the max results (so you still have to put 100%
effort into that 20% focused task).
When you understand this concept, it will catapult
your results based on how you prioritize tasks that
lead to the most impact.
This principle can serve any industry.
Within real estate, it can be used for:
Property selection (investment portfolio's value
growth)
Tenant management (tenant retention, efficiency
of property management)
Revnue generation
Assessing financial health of RR business
Have you heard of this principle before? Comment
below *
2 years ago
The minimum amount you'll need for a down
payment can range from0 to 5%
However, the lower the down payment (<20%) you'll
need to pay Private Mortgage Insurar
If you don't have 20% down payment and want to
avoid having to pay PMI:
"no-PMI" mortgages (will pay a higher interest rate,
leading to higher costs long term)
a piggyback mortgage (finance 80%, add a second
mortgage for 10%, and 10% via cash)
ask your lender about first-time buyer programs
and grants (reduces premium)
can receive gift from friends or family
If you're looking to buy your first home and would like
to house hack and be held during the process to
come out as an investor, comment or DM "HOUSE
HACK"
2 years ago