Knowing Your Walk-Away Number

Preparing so you negotiate from data, not hope

Once deals start reaching you, the skill that matters is knowing, within minutes, the exact price above which you will not go, and holding that line under pressure. This book shows that this discipline is arithmetic done in advance. It explains the three prices in every negotiation, why your required return comes first and yield as a first filter. You will learn to use sold prices and real rents as evidence, and the checks that change the number. The income chapter shows why achievable rent and an allowance for empty weeks set the ceiling on what you can pay, and the cost chapter covers the buying, holding and tax costs beyond the rent and mortgage. The number is stress-tested more toughly than a lender's test, against the shocks that matter, so it survives a bad year. A complete worked example derives a walk-away number from raw figures, and the final chapter gives you a ten-minute calculator. Next in this series: “Offers, Surveys and Renegotiation”.

What’s inside

• The only numbers that actually matter
• Where to find reliable local data for free
• Working out true income, not optimistic income
• The full cost stack nobody mentions
• Stress-testing for the bad month, the void and the rate rise
• A complete worked example, start to finish
• Your deal calculator, and the legal questions it cannot answer

Educational material only, not financial, legal or tax advice. Results are not typical and are not a guarantee of income. Freedom Property Academy LTD, registered in England and Wales.