Of course, Kelleher was sophisticated enough to know that's not true.

That would make a much higher (but incorrect) NOI as they would be leaving out utilities, evictions, legal costs, advertising, payroll, etc. etc. etc.Bottom line, if you calculate true and accurate NOI figures as you should, then yoour NOI will be accurate enabling you to accuratley calculate your DSCR.

Non Interest expenses. meaning, PAYROLL LOL, gotta love that.

However, with the pro-forma payroll showing $409K, I think you could save another $100K here if you had the right people.

:wink: )We don't make stuff anymore so our trade deficit is growing and taxation is the only way to gain revenue.I would love to abolish all payroll taxes and just go with sales tax.

I'm wondering if we can extend the Bush tax cuts and do the payroll tax holiday.

Therefore, if you had access to any deal that was worth investing my money, you would already have figured out a way to raise the money to do the deal for your own benefit.In other words, you are too sophisticated to be giving good deals away.

I always ask questions of my investors to find out how sophisticated they are.

While ActiveRain appears to have, let's say more sophisticated real estate professionals (don't take offense)dealing in larger projects than usually discussed here, much can be gained simply by reading.

I am here to meet people that enjoy doing business over the phone.. and can make things happen from there comfort of there homes, I recently met a group of asset managers who want me to sell commercial non performing notes some of these are in the millions and discounts range from 30-45% off market value... its just hard getting a willing buyer to purchase a multi level unit of lets say 200 condos in san francisco for lets say 15 million when the market price is near 27-32 Million ... other senario's are not that expensive but we do have properties that are in the 1.5 mil and the asset manager group want 700k cash ... where do i start looking for these types of sophisticated buyers.???..