Hey all! Candor has a Lofty Goal! - help 1 million people reach Financial independence. This can be interpreted numerous ways. We are (for now) defining as net worth of 1 million bucks OR 10K a month passively. Can you fill this poll out below for if Candor has helped you or you're on the way? Comment if you want to share your meaning of FI!

I am trying to do a rental analysis on Bigger Pockets. When I put the purchase price which is about 70% of ARV. the analysis shows equity only based on the purchase price not the actual value of the property. When you purchase off-market for below FMV is there a way to show the built in equity in year one? In other owrds - not based on purchase price but on the actual value?

Hi Guys - I’ve owned a 2 unit in Gorham Maine for a few years. It wasn’t purchased as a rental really but as a house hack for my son. That has evolved over time and just for grins I ran the BP rental analyzer on it. 🫠 It looks kind of grim. BUT the real reason we paid what we did for it is because it has a separate buildable lot. This is the piece I’d like to talk about if there is time. I’ve attached the deal analyzer here but not sure it helps much.

Hey Guys not sure if I have outdated link? No one is at the 11 am meet today. Did I miss something?

Analysis paralysis is real. Even after analyzing deal after deal - I am sometimes talking myself out of situations. I toured a 63 unit portfolio in Maine the other week. Walked every unit and gave it a gradient of A, B, C and D (A being new construction and D being a total gut). Wrote down some notes and made it squeaky clean. Incredibly simple deal from a cut and dry perspective. Here's what I did wrong - I kept saying "but what if" instead of looking at my notes/facts. I played out scenarios that haven't happened yet. The key - I just needed to make an offer and figure out what I needed to do if we are under contract. If we aren't under agreement, then none of that matters. Be decisive. Know your numbers. Go on to the next one.