don't forget to factor in the cost of driveway paving sidewalks landscape that will blow your cost per square foot as in most cases these are above and beyond the cost to build don't forget when crunching your numbers it is all the little things that can make you or break you

Because I am new to it I am looking for input on what (very rough) numbers would work for you as well as best strategy to place that offer.I would go through with a contractor/inspector as well as re-crunch my numbers when I get more details..this is all preliminary to know how hard to pursue it.THANKS!

I would NOT use a Zillow estimate or any other "system" that crunches numbers with an algorithm.

I was doing some newbie number crunching and came up with this:50 Units $1,000.00 per unitGross Monthly Income- $50,00060% Mortgage,Insurance,Taxes,Misc.- $30,000Net- $20,000 Are these numbers accurate?

Crunch your numbers off of After Repaired Value (ARV) and/or rent value and then work down from their for your initial offer.And I've got to laugh with Sean here, too.Originally posted by nationwidepi:First step is to take off your caps locked key.

Just a few thoughts I would like to share that I hope will help. 1) Make sure you have adequate operating reserves or lines of credit for any multifamily or commercial acquisition, so that you don't run into a cash crunch. 2) Start working with commercial lenders now to work on preparing your loan application & personal financial package. 3) Also, I would start looking for possible acquisitions now & secure them with an option to potentially reduce the stress of your 1031 exchange. 45 days goes by really fast. 4) If it's not too late , perhaps you can structure the sale of your current property to optimize tax liability ( I remember reading your post about combining a section 121 exclusion with 1031) and create more flexibility of time as well.5) Through the years I have interviewed several veteran multi-millionaire investors who are extremely successful & knowledgeable.

Hi John ... did a quick crunch on the numbers.

Then once you find one, crunch the number more, look at who the neighbors will be and also the proximity to things/activities millennial's want.

After doing my analysis, crunching number, and due diligence I get hit with flood insurance which has been on heard of for my location.

So many people don't account for these things and in the end they lose the property because they didn't crunch the numbers or didn't have money to fix the problems.Which you choose really depends on where you want to be and what your goals are in life.Podcasts and the ultimate guide under learning tab up top are a great free resource.