Hi BP Community- happy holidays! Was wondering if people could help clarify how to estimate the appraisal value of a multi-unit? I am looking at a 12 unit complex and I understand that it's potential income minus expe...

Is there a magical formula out there?

@David Mitro my asset management fees are 1% on total collected income.I follow the same formula as the 3rd party management company.

I've seen a half dozen different spreadsheets like this but the key is knowing how they are set up because they will behave slightly differently based on the formulas and assumptions baked into the sheet. 

if you want proven mathematic formulas how to pay off 30-year loan in 10 years, I'll share the tips, $100/hr ?

I’m  going to print this out and plug in the numbers then figure out the formula.

Or could be a totally different formula since you’re providing the land.

I find a property, apply the formula everyone uses, then I call every cash buyer investor in town.

When I look for cash flowing properties, however, none of them have enough rent income to cover the debt service and expenses using the Bigger Pockets cash flow formula that I have included in the link below. 3420 Carlson Blvd:https://maxebrdi.paragonrels.com/publink/default.aspx?

no guesses, no formulas, no estimates.