Top Highlights

• “The odds of me coming into the rocket business, not knowing anything about rockets, not having ever built anything, I mean, I would have to be insane if I thought the odds were in my favor.” —ELON MUSK
• Being able to properly evaluate a property from a financial perspective is critical to your success.
• Compound returns, or “compounding,” on the other hand, is a phenomenon that occurs when you earn a return on something and then reinvest those proceeds, thereby increasing your earning power.
• When leverage and compounding are optimized in a real estate business, they create extraordinary growth potential. These two principles can turn your cash into rocket fuel.
• Once you own an investment property, the goal is not so much to avoid spending money but to reduce waste and invest money in things that are going to improve the property’s long-term value.