While my dad was dying as he fought a losing battle against cancer, he asked me to take care of Momma and everyone. With tears running down my face, I made him a promise. No. It was more than a promise. It was an oath - and I would never stop until I fulfill it. Fast forward a few years, I surprised my mom on her birthday by paying off the mortgage on her house. I captured it in video. Watch this (but you need some Kleenex): https://youtu.be/BNkyk0reoJ4?si=-Sl-Zh3U5eUo_mqn As my mom cried tears of joy…I looked up and silently said… “Pops, I fulfilled my promise.” I am grateful for BIG real estate deals. The massive income and generational wealth BIG deals give me…allowed me to pay off my mom’s mortgage, gave me time freedom to spend with my family and helped me to give SIX FIGURES to charity every year. Hope this inspires you. P.S. If you want the BIG money and the BIG impact you can make through BIG real estate deals, REPLY to this post, and let’s talk.

(when you see *this...usually it's a good deal) This deal was brought to me by one of my Mastermind members. It's still a "live" deal so I changed some of the details (and the photo too). But the "essence" of the deal remains the same: - 40 units; rents are under market by $300/mo (current average rent/unit is only $600/mo/u) * When I heard the rent to be $300/mo/u, that's an indication that there is a deal here. Apparently the landlord did not increase the rent for several years now. - "C" property (based on this, the operating expense ratio is 50%) - Asking price: $1.8M- the location cap rate right now is below 9% but to be conservative let's use 9% - lastly, the units need about $5K/u in updates for total capex of $200K Step 1: Calculate the Proforma Value 1.1 Proforma NOI = $900/mo/u x 40 u x 12 mos x (1- 50%) = $216,000 1.2 Proforma Value = $216,000/ 9% = $2.4M Step 2: Calculate the Over-all Profit 2.1 Profit from the Sale: $2.4M - $1.8M (purchase) - $0.2M in capex = $400,000 2.2 Profit from the cashflow - let's assume for now (for simple math), we're paying 7% interest only at 75% LTV - loan amount: ($1.8M+$0.2M) x 75% LTV = $1.5MCashflow = NOI - debt service= $216,000 - $1.5M x 7%= $111,000 To be conservative, we only consider 4 years worth of cashflow. To be exact, one needs to do a proforma projection over a 5-yr period. Profit from Cashflow = $444,000 Total Profit = $844,000 Step 3: Calculate the Returns My favorite metric is Equity Multiple, which is calculated as follows: EM = (Profit + Investment)/Investment The Investment = 25% x ($1.8M + $0.2M) = $500,000 EM = ($844K + $500K)/$500K= 2.69x Our minimum to proceed is 2.5x. However, given the location and unit count, we should strive for a 3x EM. Regardless, it's a deal worth making an offer on. What do you think?