They multiply this mistake over a number of units and end up being overleveraged.

I make three times what the rent is.Me.....Thats not what I asked you....I asked you what is your gross monthly income before taxes.Her .....About $1,400Me.....Ma’am the rent is $595/mo and if you multiply that by three that means we want your gross monthly income before taxes to be about $1800 not $1400.Her.....Look, I’m at work right now why are you asking me all these questions like this...I don’t be trying to discuss this kind of stuff while I’m at work...dang!

To determine how much equity is at your disposal, start by taking your home’s current market value and multiplying it by 80%.

Also the (GRM) gross rent multiplier

Originally posted by @Gabriel Miritello:The Home is in Savannah, GaI am an electric and plumbing contractor in Florida, shouldn't be a huge price difference from my area to GA.our pricing is 248/dropso count every (Light switch, outlet and fixture (lights etc) ) and multiply that by 248so #of drops X $248 = total for rewirethen add about $5,000 for the panel and that will give you a pretty good idea where you should stand, after that give or take $1500 and that'll give you a range!

Each year the assessor releases updated assessed values for all properties across the county and multiplies the assessed value by the millage rate to derive property taxes for individual properties.

Take these costs and multiply by two, and deduct that from your purchase price to compensate you for your efforts.Feel free to reach out to me directly, I have bought several buildings over the past 20 years.

I couldn't convince them despite the obvious situation that if you breathed, you got a mortgage.The funny thing about RE Motivational books is that they are really GREAT when times are going well.... but they are the worst to be convinced when the Economy is looking over the edge of a cliff, just before it is about to crash and burn.That's where the Real Education comes in.If you only do calculations that are geared towards the present, such as Cash on Cash Return (CoCR), Gross Rent Multiplier (GRM) or even Cap Rates but you don't do any Future Calculations such as Internal Rates of Return for a pro forma 10 year projection, you will not think about what is going to happen in the next 10 years.

To calculate the B/S/H, you take the $140,000 ARV, and multiplied it by 15% which equals $21,000 [$140,000 x .15 = $21,000].You decided that your profit should be $10,000 as the Assignment Fee for a wholesale.The Investor Buyer’s profit is calculated by multiplying the Rehab costs by $1.25 to get $19,000 [$15,000 x $1.25 = $18,750].Now, plug all these figures into the MAO formula and you calculate that the most you can offer on this property is $75,000.

Now if you go back to the graph above and multiply the differential between college graduate and non college graduate (about $17k in pay), you’ll discover that your degree will pay for itself in about 3 years and 2 months.Or, you can go to private school for two years which will cost you $100k + community college of $15K = $115K.