![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/947123/small_1621506047-avatar-jakegrahamco.jpg?twic=v1/output=image&v=2)
4 May 2018 | 6 replies
The formula(s) would look like:Potential Gross Income (PGI) = full rents + any other income at 100% occupancyminus Vacancy & Collection Losses (8-10%) is typically usedequals your Effective Gross Income (EGI)Then you subtract your operating expenses (taxes, insurance, management & legal fees, repairs, utilities, lawn service, pest control, etc., and a reserve for capex) to get your Net Operating Income (NOI)From your calculated NOI, you can really start digging deep:Subtract your debt service from your NOI to get your cash flowDivide your NOI by the acquisition cost to get your cap rateTake your NOI, add the reserve for capex back in, then subtract your mortgage interest, to get your taxable incomeDivide your NOI by your debt service to get your debt coverage ratio (tells you how many times will your NOI will cover your debt/mortgage payment).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1008898/small_1621507339-avatar-garrathr.jpg?twic=v1/output=image&v=2)
3 May 2018 | 2 replies
Currently I am a implementation consultant and project manager in the financial services industry and I am looking to start getting into real estate and build it into a full time business.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1028621/small_1621507761-avatar-adityav2.jpg?twic=v1/output=image&v=2)
5 May 2018 | 15 replies
Coming from a tech background I find it easier to understand tech fundamentals better than other industries.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/769094/small_1621496993-avatar-jeffm185.jpg?twic=v1/output=image&v=2)
25 July 2020 | 30 replies
However if sellers, as a rational and critical humans motivated only by maximizing utility, are willing to pay that amount, one cannot blame an agent for accepting such generosity.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/416750/small_1621450235-avatar-kenb25.jpg?twic=v1/output=image&v=2)
3 May 2018 | 3 replies
Instead of complaining about my 40-45 minute commute to work, I utilized this time to listen to Bigger Pockets Podcast and listen to real estate audio books.2.)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/759557/small_1621496803-avatar-xavierah.jpg?twic=v1/output=image&v=2)
3 May 2018 | 3 replies
Hello, I am new to real estate and hungry to learn and experience the different strategies of this industry.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/927077/small_1621505679-avatar-eburke365.jpg?twic=v1/output=image&v=2)
6 May 2018 | 55 replies
In addition to money orders, he can utilize money transfer services like Western Union, Money Gram, and Walmart-Walmart Transfer.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/999151/small_1621507133-avatar-zacharyj18.jpg?twic=v1/output=image&v=2)
8 July 2018 | 6 replies
Also, how can I find out information on utilities in the area, HOA fees (or even if they are a part of an HOA), garbage, and so on.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/250137/small_1621436216-avatar-thegogetter222.jpg?twic=v1/output=image&v=2)
14 May 2018 | 2 replies
try to get him to his accountant to splain it all to himI dealt with that in the timber industry.. old land owner zero BASIS 1 to 2 million in standing timber we offer them cash for it..and first words out of their mouth is they are afraid of paying taxsall while living in a beat up shack and driving a 60s pickup with a broken windshield.I had a way to 1031 the timber in a really nice apartment complex make them 10k a monthnet and replant their property etc etc..
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/648442/small_1621494628-avatar-katn.jpg?twic=v1/output=image&v=2)
11 May 2018 | 6 replies
The reason is there are so many aspects of MHP's that no lawyer usually has that breadth AND depth to effectively advise on so many topics.With that said here is my recommendation if you truly need an attorney:Get a generic real estate attorney to help with a purchase contract, if that provides you comfort.Bring in specialists for help if you have specific issues in a certain area you need help (e.g. zoning, grandfather status).I have a custom 15 page MHP-specific contract I use for investor-owned MHP's (this contract is mostly padded with seller disclosures and outs for the buyer if materials facts are omitted - everything from utilities, zoning, and financials), and then for small sellers I use a 3 page TAR form.