Top formulas for measuring investment property

[Jason Abbott]

Hi all,

I know everyone uses different formulas and there are lots of ways to look at property but my wife and I are trying to compile the best/proven/trustworthy formulas and build them into a spreadsheet. Also, 1,000's of people have likely done something like this (i.e. apps, software, etc) so if you know about this too, please share. Thanks in advance!

Jason

[Paul Timmins]

@Jason Abbott

Welcome. We use te trinity for commercial 5+ units c/c 12%+, DCR-1.6%+, and CAP 8%+ there is a good profit for you and your investors. This is in priority. Build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having 50 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Good luck

Paul