It is basically a background database search - nearly all the same databases searched for a full Phase I, without a site walk or evaluation of historic documentation such as air photos, topographic maps, fire insurance maps, or the city directories (Phone Books).

I understand the significance of key metrics such as IRR and CoC in evaluating the potential of a deal, but the abundance of information out there is making it challenging to find a straightforward, user-friendly solution.What I seek is a singular, comprehensive tool—a master template, if you will—that I can consistently rely on from deal to deal.

The best way to get educated on what an actual good deal looks like (minus the sizzle) is to learn to underwrite on your own and evaluate 100 offerings.

so if I’m in 35% fed and 7.8% state and 7.5% social security that I pay as an employee I DONT need to pay that on rental income so wouldn’t I need to make that much more to keep $9000 after tax from w2 ? 

My personal and professional experience has been that they do not provide actual replacement costs in their evaluations. 

I am evaluating to invest in WorldQuest and I would like to hear about your experience. 

Start evaluating deals, even without an intent to purchase.

Seeking guidance on:- Filter Criteria: Key factors for evaluating multifamily properties in Texas?

The below terms are live as of this date, for a rate and term refi (no cash out).From left to right:Points: 1, 1.25, 2.Prepayment penalty: 10 years, 3 years, 5 years.Commentary/review, hopefully this thought process is useful when evaluating offered terms for a maturing commercial mortgage that needs to be refinanced. 

This benefits me, because I'll still collect the rental payment and have the ability to evaluate the tenant before anything more long term is signed.