My name is Jeremiah and I'm new here to bigger pockets (which I'm sure will become blatantly obvious in due time haha)Recently, after struggling for a long time of not knowing what I'd wish to pursue in life, I've come to a realization that I'd love to be involved in real estate.I'm in love with houses and the renovation process, I have managerial experience and I'm driven to a fault! 

I compared a pump driven sewer connection and a gravity fed sewer connection.  

Hi all,Potential motivated seller but I am not sure if I am looking at this situation correctly.Property A - the seller want to sell for $339kProperty B - the owner/seller of Property A is in foreclosure and needs the contract $339k on Prop A to stop foreclosure and eventually move into Property B.The $339k is decent for the neighborhood but not slam dunk investor's price.

I am new to real estate investing in Hawaii (Oahu), but I have high hopes as I am driven and ambitious.

CAP Rate should be a reflection of all related expenses and income one could be exposed to on an asset regardless of the existing situation or arrangement.Therefore, the following breakdown is always considered:GOI (All existing revenues generated from the Asset - NOT Pro-Forma)- Vacancy Rate / Concessions (Local Market Driven)- Property Management Rate (Local Market Driven)EGI (GOI minus Vac/PM)::break::Expenses (All existing / historic normally occurring and certain projections)- Utilities - Property Taxes- Property Insurance- Maintenance Reserve Account (normal wear and tear)- CapEx / Reserve Account (life limited replacement items) - Legal Expenses (CPA, Attorney, Tax Reconciliation, etc.)- CAM (Common Area Maintenance items like yard care, snow removal, parking pavement, exterior amenities, etc.)- Payroll and G&A Expenses- Advertising Expenses- Any other expenses related to the Operation of the Asset not covered above EXCEPT Debt Service, Depreciation, Income Taxes and Specific Tenant ImprovementsNOI (EGI Minus all Operating Expenses)::break::Now you can calculate your existing CAP rateYou can also set up another file for value added opportunities that would contain Potential EGI and Potential Expenses which then would give you a Value Add potential CAP RateTo derive your NCF, subtract your Debt Service from the NOI.Hope that helps!

Cap rate is strictly local market driven.

This is really driven by population and job growth.

I've driven the area and have met with a couple sellers who mention over the phone one ballpark price.

Third quarter results were driven by Gov't money (cash for clunkers).

Wells appears to be heading in the direction of Bof A. I