Yesterday I wrote about people who tell me they aren’t good at real estate math. Nearly 100% of the time, the issue is that they will read the question and can’t figure out what is being asked, which in turn means they don’t know what formula to use. If you read the question and can’t figure out what it is saying, is that a math problem? Or is it a reading comprehension problem? I’d suggest it’s a reading comprehension problem.
I’m pointing this out because if you don’t diagnose the problem correctly, there is no way you can solve it. It’s just like real estate math – if you can’t figure out what the question is saying, you will not be able to do the math. So next time you can’t figure out a math question, ask yourself, “Is the problem that I don’t understand the actual math problem? Or is the problem that I don’t understand what the question is asking me to do?”
Once you have the diagnosed the problem correctly, you can begin to work on the solution.
Please note that I, Karen Climer, have no affiliation with Climer School of Real Estate. My father, Ron Climer, sold that school in 2014. Since that time, I have had no affiliation with that school. If you are looking for me, you will find me at Demetree School of Real Estate.