FORMULAS AND REAL ESTATE TERMS FOR A NEWBIE

[Corey Greenlee]

Hello everyone. This will be my first post on the forums. Let me start by saying I found my way her from listening to the podcasts. I appreciate the honest, personal, and no b.s. education that Bigger Pockets offers. Now, on to my questions. I am completely new to real estate. I have listened to many of the podcasts, but when even the most basic terms for figures and real estate come up I'm usually clueless. I don't know to estimate annual income growth, annual expenses growth, capital expenditures, etc. I hear about all these rules 1%, 50%, 70%, and I have no understanding of those. With all these terms and formulas I have no idea where to start or how to cipher what I need to know and what I shouldn't waste my time with for my concerns. My interests are mostly in fix and flips, and rental properties (single family and multi family). Can someone point me in the right direction without having to waste as much precious time in areas not pertaining as much to my interests. Thank you.