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20d (edited) • I GOT A DEAL!
Day 1 & 2 Homework: Reply to this post with your deal
Day 2 Homework: run the numbers on your listing
Find the NOl for your subject property (or a new one) from crexi.com
Calculate the cap rate and run the bank test
Determine what the whisper offer would be...
If they provide the NOI, estimate using
NOI = rents * units * 12 * (1- vacancy rate) * (1 - expense ratio)
common vacancy rates are 5-10%
common expense ratios are 40-45%
The whisper offer is what purchase price will give you a ROI >= 15%
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Day 1 & 2 Homework: Reply to this post with your deal
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