All Forum Posts by: Mike Kimani

@Stephanie Lanphier Welcome to the site! Engagement is the key!

@antonivanov Welcome from LA. SD is my second home.

@Erik Acheff Welcome from LA.

referrals are the best system to get a good agent.

@Kirk Zacharda it does seem counter intuitive but with anything you have to have consistency and in this case strategy.

@Matt Hall Hey Matt, welcome to BP. The best resource for investors on the web. A great place to start are with the complimentary resources offered under the 'resources' tab. Start listening to the podcasts as well to get insight for other investors who started from scratch.

Welcome back to Investing!

To determine the value of the property to the investor, the first step would be to determine Market value. A general tool is Gross Rent Multiplier (GRM), not very precise but handy when doing a quick value assessment. Find like properties that have sold in the past 6 months then use the below formula.

Market Value/Annual Gross Income= GRM

Now to compare to your property

GRM* Annual Income= Market Value

Now depending on the market value, you can determine if this is a deal to go after and present to your investors based on individual acquisition criteria.

Hope that helps :)

@Fred Delariva Welcome back to Investing!

To determine the value of the property to the investor, the first step would be to determine Market value. A general tool is Gross Rent Multiplier (GRM), not very precise but handy when doing a quick value assessment. Find like properties that have sold in the past 6 months then use the below formula.

Market Value/Annual Gross Income= GRM

Now to compare to your property

GRM* Annual Income= Market Value

Now depending on the market value, you can determine if this is a deal to go after and present to your investors based on individual acquisition criteria.

Hope that helps :)

@Justin Hennig welcome! As others have posted simply ask and BP will give.

@Account Closed I would want to see a much more robust economic analysis, including workable excel sheets with sensitivity analysis.