![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/104290/small_1621417222-avatar-rishiman.jpg?twic=v1/output=image&v=2)
14 May 2015 | 9 replies
The most important todo is to find partners in youu area to form a park bidding team.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1043253/small_1621507985-avatar-jankutrzeba.jpg?twic=v1/output=image&v=2)
15 December 2018 | 46 replies
On vacay in DR now so gonna be a little slow, but I’ll try to send you a couple calculations after our day trip today.Basically I’m calculating:Income as per the pro forma Monthly Expenses off of monthly income:- capex + maintenance 10% total (as per broker’s guidance; I originally calculated 10% each)- prop management 10%- taxes- insurance - utilities- sewer, garbage, snow etc- 1 month vacancy (8.33%)- mortgage at 6% interest 30y amortized with 25% down (the terms our bank offered it under a blanket loan)E.g. a $110k duplex with $1400 gross income - $140/month capex & maintenance- $140/month mngmnt- taxes let’s say e.g. $1500/y that’s $125/month (usually higher in my experience)- insurance let’s say e.g. $1k/y that’s $84/month - utilities e.g. $100/month, assuming tenant pays most- sewer, water, garbage, etc. e.g. $100/month - vacancy $117>>> -$806/monthly gross expenses - $494 mortgage = - $1300 net expenses NOI: ($1400 x 12) - ($806 x 12) = $7128CAP: $7128 / $110.000 = 6.48%Cash flow: $1400 - $1300 = $100/month, or $50/door/month. 50% rule ($1400 / 2) - $494 = $206/month 2% rule $1400 / $110.000 = 1.4%
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/47448/small_1699645975-avatar-slackadelic.jpg?twic=v1/output=image&v=2)
5 August 2016 | 66 replies
If you have access for the court docket records for the case numbers marked WD, you might be able to see what case activity has occurred and thus form a better guess.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/324494/small_1621444342-avatar-mattevers4.jpg?twic=v1/output=image&v=2)
23 May 2015 | 5 replies
If there are any investors in the area who read this, I would love to hear from you and form as many connections as possible.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/485663/small_1621478801-avatar-rayh1999.jpg?twic=v1/output=image&v=2)
12 July 2017 | 10 replies
Ray Hollins don't have to apologize lol, I would try another or would go through a broker Don Konipol gave you a perfect answer when it come about working for different companies best option is to form a Llc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/550860/small_1724625897-avatar-tony69.jpg?twic=v1/output=image&v=2)
9 January 2018 | 15 replies
The financial pages are Unit Mix, Financial Analysis (w/ Pro Forma), and IRR deferred page that shows returns with all assumptions.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/572605/small_1621492876-avatar-devantew2.jpg?twic=v1/output=image&v=2)
3 July 2016 | 13 replies
ie. there's a lot more to it than just pro forma numbers.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/110470/small_1621417462-avatar-rentalinvestor.jpg?twic=v1/output=image&v=2)
12 November 2012 | 2 replies
Didn't see if this was OK to post in this forum so I assume that it is.We are looking to form a syndication in Atlanta and are looking for high quality and cost effective attorney to help put it together.Most like we'd have 1 investor, but maybe 3 max.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1399375/small_1621511935-avatar-donnap55.jpg?twic=v1/output=image&v=2)
5 April 2022 | 65 replies
@Lawrence BlaberDid you ever form a group?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1174635/small_1670009523-avatar-roemeob.jpg?twic=v1/output=image&v=2)
22 December 2018 | 14 replies
I chuckle at the pro forma some real estate agents put out.