We operate only in our market area of CT with income producing multifamilies.

If you do some research, you'll find that throughout the United States operating expenses run 45% to 50% of gross rents.

We operate only in our market area of CT with income producing multifamilies.

And these are based on conservative numbers – 3% annual rental increase, 4% annual increase in operating costs, and 4% annual home appreciation.

I am not an accountant, nor do I play one on the internet.NOI (net operating income) is determined by subtracting the operating expenses from the gross rents.

They will pay the person who submitted the lead a percentage of the whatever is generated in the transaction.From my initial research, it actually seemed like a pretty legit operation.

jimbo; I hate to burst your bubble but when a lender raises your interest rate 3/8 or 1/2 it raises your operating costs (at a 6% base rate) from 4% to 5% PER MONTH.

Here's one in particular that I've run some numbers on:10 units, $585 per month per unit in rentsale price $795kAccording to the ad:Scheduled Gross Income:$71,000 (my caculator must be broken 585 x 10 x 12 = 70,200)Net Operating Income:$54,060NOI seems a little inflated if you ask me (but you probably didn't :lol: )If you put 10% down ($79.5k) your loan amount will be $715.5kAt 8% the payment will be $5250/month.

For the beginner, if you want to put in 200k, have 300k for your project and operational costs or lag before income.

I remember reading in someone (maybe Groucho Marx's) autobiography, about getting stock tips from a shoeshine boy and an elevator operator prior to the 1929 stock market crash.