Advantages of Investing in Apartments/Commercial Properties Part 1
Monday, December 02
The lesson for this week; Advantages of Owning Apartment Buildings! Have you ever played the game Cash Flow 101 by Robert Kiyosaki? If not, I highly recommend it. In the course of a few hours you can learn some valuable lessons about how to analyze properties quickly and whether or not you s...
You Need A Successful Mindset
Saturday, November 23
Over the last few weeks you've learned all types of awesome details on the 'numbers' when it comes to investing in apartment/commercial properties. I taught you about Gross Potential Rental Income, different types of vacancy and how to calculate them, all the different expenses that make up TI...
Cap Rate
Monday, November 18
Now that you know how to calculate your NOI (see info below), it's time to teach you about Cap Rate. Cap Rate is the second key component you need to understand in order to calculate the value of your property. Scheduled Gross Income -Vacancy +Other Income =Effective Gross Income ...
Operating Expenses - Part 2
Tuesday, November 12
Let's finish up the topic of Expenses this week. Last week I gave you the first 3 of the 6 major expense categories that make up the Operating Expenses (TIMMUR). They are; Taxes, Insurance and Management. This week I'll teach you about the last 3; Maintenance, Utilities and Repair. I left in...
Operating Expenses - Part 1
Friday, November 01
This week I want to teach you about the different expenses you'll have with your commercial properties. They are common expenses, but what you may not be aware of is how these expenses can affect the value of your commercial property unlike a Single Family Home. If you look at the chart below,...
What Makes Up 'Other Income' on Apartments/Commercial Properties?
Saturday, October 26
This week I want to tell you about 'Other Income' which is the third item that makes up Effective Gross Income (EGI). Scheduled Gross Income -Vacancy +Other Income =Effective Gross Income (EGI) The question at this point is; what exactly makes up 'Other Income'? There are qu...