You can make adjustments to the house in question by dividing the above prices by 1400 and then multiplying by the number of square feet in your subject house.

However, many investors, including those fantastic geeks that run this forum (Brandon), like to buy using multipliers, such as the 2% rule.

After honing your skills as a nose-to-nose salesperson, learn how to multiply your sales efforts and clone yourself by becoming a skilled marketer and effective copywriter.Eventually, you are likely to discover a niche that you want to further explore and gain expertise.

My rule of thumb for what's a good deal is this: take the monthly total rents and multiply by 60.

In other words, you can determine the maximum purchase price by dividing the monthly gross rents by .02 (or multiply the monthly gross rents by 50).

So a savy Bigger Pockets investor would evaluate this property by multiplying the $3300 rent by 50 and come up with a maximum property value of $165,000.

Find out what the comps are for raw land by acre in the area are and multiply it by the amount of acreage that came with the property.

I'd happily pay $40K for a great $2.4MM building here in Ohio, so the numbers work out fine multiplying by 5x.  

Logistically,  incomes are better than 1.. just be VERY conservative on the reserve side,  bad stuff happens ALL THE TIME  Whatever you think you should have saved up ready-- multiply it by 3 or 4.   

If it’s an item that can’t reasonably be bid as a lump sum, then agree to a time and materials type deal where you track the time associated with the work multiplied by the rate and added to the material cost.