Compared to other authors on the subject, he seems to get into details more, and shares his experiences on what has worked and what to watch out for on topics that you wouldn't really think too much about, but can have a big impact.

You can get started with these for very little money compared to a commercial project.Same thing with getting commercial buildings under contract and changing the zoning.

I have a meeting with a lawyer later this week, I had wanted to see what others had in their contracts so that when I received whatever he draws up for me I have a baseline to compare it against.

Its impossible to predict all expenses accurately.Cap rates aren't relevant for SFRs since they're priced by comparables.

I would research what the other REO's are selling for compared to ARV (after repair value) and how long they were on the market.

Chris thanks for the info, chris i also found out that my thoughts were correct.there is no set value, the value of the property is based on what makes sense for you to achieve your investment goals (that's it).some will say to not rely on the cap rate for your purchase decision (which i agree), but to use it to compare to other similar properties that have sold in the area, which is actually not reliable because 1. there will be less comparables, 2. how properties were purchased vary from deal to deal, 3. the inner workings of most transactions are confidential.so the best way to analyze a deal (while using cap rates) is to add your financing terms into the picture (principal + interest and etc) and calculate what the deal is really worth to you.see the normal NOI/Asking price = cap rate is based on if someone were to pay all cash, this is the return they could expect first year, but paying all cash for a property doesn't happen all that often (bank funding will be use for a large portion of that cost).so i found the best way to use this formula and analyze my deals is by look at all factors but also including my financing terms with my desired return objectives into the picture to get a proper view and value to me.

In San Diego County (and other counties shortly), you can go to ***** to see if you can likely save money with such an appeal and to assist with comparable identification and paperwork.

., but rather compare to other similarly sized 3/2/0 properties.

Develop a spreadsheet that will help you perform a takeoff on the specific elements of the project and associate costs to those tasks.

I take that to mean he is looking for more upside than just 10% interest.My realtor (c) said that if the investor put up 100% of purchase and rehab costs, that we should split profits (cash flow and equity upon sale) 40% to him and 60% to me.How does that compare to the other partnership agreements out there?