It is a spreadsheet that you plug in the numbers such as cost, annual rental income, your tax bracket etc.

They will lend up to 10% of your annual gross sales.

Gross Rent Multiplier or GRM=price/annual Gross Rental IncomeGRM, unless otherwise stated, is based on annual income.$1050 per month income X 12 months = $12,600 annual Gross Rental IncomeGRM=$40,000/$12,600=3.2If $52,000 is the contract priceGRM=$52,000/$12,600=4.1 (sorry not 4.2)GRM is based on your local market and is determined by comps (comparable sales in the same area).Again a 4.1 GRM is extremely strong and will most likely be lower than your area's comps.

thanks mike,i am from st.louisi have been in texas for 3 years i am moving back to mo in a month or soi will buy on property at a time1st a 12 unit 447000 each apt rents for 350 month = 4200net approx 19,500 annual

ie:gross rent - taxes - insurance - expenses (attached to logged expenses for month) = net income - [debt service] = monthly cash flow [tie this to annual reports]maybe you use Excel this way, i just didn't catch that in your post.do you still have the same cell phone from 97?!!

(does he make alot of money...over $150,000 annually?)

In reference to my personal "magic" formula for rentals, it is 2% of sales price should be the monthly rents, or taking it from the other side, I am looking for a monthly Gross Rent Multiplier (GRM) of 50, or more commonly expressed as an annual GRM of 4.2.

You don't have to buy an annual membership to attend the meeting.

It is a wonderful place, and especially so for investors looking for a huge income and appreciaiton from the lucrative overnight renatl market...supported by 13 million annual tourists.Most of these homes range from $200,000 to $1.4 million asking price, and yield $35,000 to $165,000 yearly income!!!

They don't have an annual fee and you can get your security deposit of around $500 returned to you in 6 months.