This is, by far, the least expensive form of advertising and you should take advantage of it.Cold calling Rules:1.Never Stop before you're done2.Practice your scripts3.Let the phone ring three times4.Track your numbers5.Stand up6.No means you're closer to the yes[b]Business cards[/b]Business cards are yet another secret weapon in obtaining ample customers and beating out the competition that’s so prevalent in this industry.

10% of gross rents is the rule of thumb.

. = $18,000.00.Therefore $18,000.00 is the most you can give for this house.Is this the same as the 2% rule just another way of figuring it.Do you guys us this type of formula to figure what you will pay for a house?

If flipping, take the cheap way out which still will get you identical/slightly better quality and appearance of about 95% of the other refinishers out there anyways.

Originally posted by "keitakun":On a conventional loan no insurance and no taxes.It has been a long time since I dealt with anything but HELOCs and they have no closing costs.well it depends on what state your located in, but rule of thumb is 2-3%.

In my experience, for any lease/house rules violation other than something causing an immediate and serious hazard, the landlord must give a written notice of the violation, and, based on local law, "X" number of days to correct it.

List price $440,00016- 1 br units; one building; upper and lower units1 vacantOn site leased laundry (2 machines)Landlord pays water and gasTenants pay electricRevenue per unit(stated):11 @ 4151 @ 4402 @ 4301 @4201 @ 410Laundry $1100/yrTotal Rev $81,320/yrExpenses (stated):Gas/electric $8626/yrWater $4300/yrTaxes $8000/yrIns $3000/yrYard Maint $1490/yrTrash $804/yrTotal Expenses (stated): $26,220/yr (well below the 50% rule)Tax information: last transfer 1999; 54.2663 mills for non-owner occ.; current SEV $162,400; taxable value current $145122From the listing agent: Nice old lady has owned them for 30 years; built in '70's; currently has one vacancy; all units are 1 yr lease; half of tenants have been there for a very long time (years); other 8 units turn about 1x/yr; great neighborhood; upscale community; walking distance to downtown; roof is 4 years old; hot water heat (LL pays); "A" propertyHave not seen the inside yet, from the pictures I've seen the kitchen/bathrooms are outdated.

Here's what I am guessing:1) Maintenance2) RE taxes3) Vacancies 4) Delinquencies5) Any HOA feesAre all of these built into the 50% rule?

My questions is how in the world can you justify the 2% rule in a metro area?

They are pretty much identical but this house has a small addition on the back that enlarged the bathroom.