Growing up on welfare in Duluth, Minnesota made a lasting impression on young Marty Stone. It was that experience that motivated him to business success and financial independence. In this episode, Martin Stone, the author of the acclaimed real estate investing “reference bible,” The Unofficial Guide to Real Estate Investing, shares how he fulfilled his childhood dream, became wealthy, obtained financial independence and created a lasting legacy for his family — all through real estate investing.
Martin Stone (or Marty as he prefers being called), is a founder and one of the owners of Buckingham Investments. He has been a successful real estate broker and investor for over 40 years. Marty was very energetic in his youth so, besides brokering investments, he established management, development, syndication, and finance divisions within the company. At one point, he had 4 brokerage operations, managed over 1000 units, and in the 1980’s, developed over 50 apartment buildings, commercial buildings, and single-family homes. A graduate of USC with a degree in finance, he has also co-authored two highly successful books on real estate investing, Secure Your Financial Future Investing in Real Estate, and The Unofficial Guide to Real Estate Investing. He has a new book which will be out in the middle of 2018 thru Dover Publications called How Real Estate lnvesting Took Me From Welfare to Wealth. Marty and his wife Lori have 3 sons, Aaron, Chris, and Adam and reside in Southern California.
These 3 calculators can be helpful in studying value increases in given areas. The first link is the simple appreciation rate calculator. If you have a price from 20 years ago and the same property today or a comparable one stick them in the equation and put in the years and it will tell you the rate for the 20 years or whatever time it is.
The second one just add the capability of adding a constant amount to the pot on a regular basis this is the one that bankers and 401K people use.
The 3rd is a very interesting one that we use along with the first program. So, if you have that 20 year old price you put them in this calculator and it will tell you what the property should cost today because of the effects of inflation. If the price today is above that then the overage is because of the higher demand. In lower priced areas this can show a negative demand so the price may be above what it should be because of inflation.
The last one is a program we have on our website that shows people how to calculate the amount of worth you need to replace your salary from work.
simple to calculate appreciation rate over time
effects of compound interest + adding money on a regular basis
http://www.usinflationcalculator.com/ effect of inflation on value can use to see how much demand effects price
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