All Forum Posts by: J Michael Fimbres

@Christopher Phillips, thx again for your reply. One last question, going back to my original question how do you apply that model to a price evaluation...once you know the cash flow? Thanks, I appreciate your time. 

@Christopher Phillips, thx for your reply. So do you mean the GRM? I find these to be so inconsistent even in the same neighborhood. What other cash flow models do you mean? thx

What is the best method to evaluate (with intent to purchase) a 2-4 unit property...CMA or Cap Rate? thank you. - J.Michael

Thanks for the info

@Greg Dickerson...Thanks 

@Greg Dickerson, Hi Greg, I know what the lot will cost, I have a decent idea of the building costs (my client has a better idea of course) we'll probably finance the permitting period with hard money and a little seller carry (there's some rental income coming in as well to offset the loan pmt) and take out both with a construction loan once permits have been issued. And complete the project, i'm pretty sure on the ARV as well. Since I've never done new construction I'd like to have a good Idea of the costs and return of the project.

Thx Jared, it's for a client. He's an experianced developer so he knows his costs pretty well. I am just looking for a simple calculator that I could plug in basic costs like Loan amt (whether Hard, private, or seller financing, or a combo) basic building costs, holding costs etc. and ARV numbers. I'm suprised I can't find one, they have one for almost any other scenario. Any ideas? thx

I'm looking for the same thing. I guess you had no luck? thx 

New to site (for the most part) Does anyone know of a calculator for purchase of vacant lot and building new (2 spec homes in good mkt) ? Could use some direction ...quickly Thx 

New to site (for the most part) Does anyone know of a calculator for purchase of vacant lot and building new (2 spec homes in good mkt) ? Could use some direction ...quickly Thx