Understanding ROI 📊
Return on Investment (ROI) is a crucial metric for real estate investors. It helps you evaluate the profitability of a property.
ROI = (Gain from Investment - Cost of Investment) / Cost of Investment
Example: If you buy a property for $100,000 and sell it for $120,000, your ROI would be 20%.
What strategies do you use to maximize your ROI in real estate? Share your insights!