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Gerald’s Real Estate Tip of the – Week of 11/9/16

Real Estate Tip

Rule of 72s:

You can quickly calculate the number of years it will take for your real estate investment to double in value by dividing the annual % growth rate by 72: # years to double in value = 72/Rate of Growth.
For example: At an 8% annual growth rate, your real estate investment will double in about 9 years (72/8=9)
 
At an 12% annual growth rate, your real estate investment will double in about 6 years (72/12=6)
 
At an 24% annual growth rate, your real estate investment will double in about 3 years (72/24=3)

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