All Forum Posts by: Alex Williams

@Greg Dickerson

That is what he was asking- your last paragraph- he was looking for the calculations- great comment though

@Tony Wallis

I've recently purchased 5 properties and put a lot of thought into dis- qualifying properties quickly. Once you know the "monthly" income, not the yearly- multiply that times 100. A property bringing in $2,000 monthly you can pay 200k for. This is a sleight variation from the 1% rule. It works VERY well and will always give you over. 10 CAP provided the expenses and meters on the apartments are all in line etc

Does anyone know of a insurance company that will write a policy on a apartment property without a four point inspection. Buyer needs a policy that will protect the seller in case of fire or flood and I don't know what else. Just getting into it. Trying to close and don't want to wait for a four point inspection. 

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