In real estate, the acronym ‘IRR’ stands for the Internal Rate of Return and it is commonly used by sponsors to illustrate how strong their project is going to be by projecting out in time how much they predict the project is going to make.
At Small Change we publish all the anticipated costs of investment projects.
But what is the IRR exactly and what are the pros and cons of using it? Adam uses the Tiny House project on Small Change as an example.
It is a complicated and difficult concept to understand, but in this video produced by Adam Gower of Gower Crowd, he breaks it all down.