newbie here too. you have arrived at the right place it seems. just wished to introduce myself. formerly from washington, dc, i'm just getting started in the staging arena in california and i'm looking to make some connections as well. thanks and sincerely, sydney

I feel like in my little bomb shelter ready for the crash of 2016, 2017, 2018…well whenever it happens.Anyway if anyone is going to undertake something similar even it’s a few properties concurrently I would be glad to offer my two cents.

Did you use any of the BP calculators to arrive at these figures?  

If I'm not making my normal rate, I might as well be looking for the next job that will pay me my normal rate.We don't typically arrive at working rates by looking at tea leaves.

The easiest way to obtain good comps is to talk to a RE salesperson who works with investors.Generally, flippers will then take 70% of the ARV, and subtract the cost of renovation to arrive at their offer price.  

By estimating the gross rents, vacancy, and expenses, based on the attributes of a property, one arrives at an NOI estimate.  

I actually first looked into real estate investing back before the crash in the late 2000s and wish I had a resource like this back then.  

Joe Mama So joe, I'm assuming you bought properties close to thier peak market value before the market crash...

It literally lost half of its value after the crash. 

If the figure arrived at is say, 10% "Capitalization Rate", which you might have set as your initial benchmark, THEN you would hone in on the SPECIFIC (Non-Pro-Forma) details about the property to see if that Cap Rate is justified by the current financials and building condition, and whether it's still a "deal" when LOAN repayments are added to the expenses side(?)