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321: From Spending Six-Figures a Year to Saving 80% of His Income

BiggerPockets Money Podcast

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I Don't Want to Pay an Excavator to Dig Up the Foundation of My Home

The cost of a repair is inversely proportionate to how much money you have in the bank. You can't just call up somebody and say, hay, can they come to do this work on my house? And by the way, i'll pay you when i sell it. They're going to be late. The deal has to make sense on a multiple exit a base. For me, it has to at least cash fol 300 dollars net. That's after capital expenditures, as a rental for my allin costs, and then a cash out of 75 %. If it doesn't do that, L t b um if it fails that one risk in profit made on the flip side

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