Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 

I don’t have a template for you as my partner handles that end of our deals, but I will share some insight that you will also hear on many podcasts.

A partner and I did one time in rural Indiana with the cooperation of the local fire department who used the situation for training. 

Let me tell you, there's nothing quite like the feeling of closing that deal and realizing that you've made it happen.As investors experience the profitability of our deals, they become more than just satisfied partners.

Hey Tyler - thanks for meeting up for coffee, looking forward to partnering on some properties soon!

Since you're selling the business and real estate to a partner/friend you will have some flexibility in value determination. 

My partner called the owner who had give the original estimate, said no way are we paying until the job is done. 

Hello BP.As part of me and my partner plan to establish a Joint Venture with an investor, we are moving forward with purchase of a property in JV model.We would appreciate clarification on the following points:1.

He is Mark and our, junior partner. 

I do have one question - I have a partner and we are looking into getting a properly together.