ilmscore | I Quit My Job After 2 Investment Properties (Replaced My Income by 2X!)

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Prediction
Topic
Status
Peter predicted his second property, bought for $212,000, would require approximately $30,000 in renovations and sell for $320,000.
"I thought that it would need maybe $30,000 of money into it and I could sell it for like 320."
Real Estate Investment
Pending
Peter predicted he would fix the second house by himself within 6 months.
"told him the deal somehow convinced him that I could fix a house by myself in 6 months."
Real Estate Renovation
Pending
Peter predicted the 16-unit West Texas apartment complex, after renovation, would rent for $850-$1050 per unit and have an after-repair value (ARV) of $1.1-$1.2 million.
"the units were renting out for anywhere from 850 to,50 per unit per door if they were renovated correctly... it would sell for around 1.1 to12."
Multifamily Real Estate
Pending
Peter estimated the renovation cost for the West Texas apartment complex would be approximately $300,000.
"in my numbers, I I kind of figured... 300 for the uh for the renovation."
Multifamily Renovation
Pending
Peter is currently developing a 38-unit apartment complex in Houston, which is expected to be completed and added to his portfolio.
"I'm doing a 38 unit right now."
Multifamily Real Estate Development
Pending
Peter predicted his second flip property would require $30,000 in renovations and could be sold for $320,000.
"I thought that it would need maybe $30,000 of money into it and I could sell it for like 320."
Real Estate Flipping
Pending
Peter projected that the renovated 16-unit apartment complex in West Texas would achieve rents of $850-$1,050 per unit and have an After Repair Value (ARV) of $1.1-$1.2 million.
"I ran the numbers. Uh the units were renting out for anywhere from 850 to $1,050 per unit per door if they were renovated correctly. ... it would sell for around 1.1 to $1.2 million."
Multi-Family Real Estate Investment
Pending