If you are doing small stuff forget CAP rate and ask for the gross.

Here is a quote from wiki:"In the job market, potential employees seek to sell their services to employers for some wage, or price.

I just calculated the 2% rule of the NOI rather than the gross income for another poster a few days ago!

No doubt as the employees take on more and learn I will have more success in real estate just because of availability of time.

(Due to high PMI)When I sold, I walked out with a $130k gross profit (& non taxed since I live there partially for a bit.. just RE sales costs)Currently I’m 26, my engineering salary is +6 figures and it’s steady & stable (govt job) and I have two offers in 3 & 4 unit properties that can cash flow 1.2k monthly.. so let’s see where that goesMoral of the story:- listen to your pops, but if you don’t like school then find a good paying work field to start stacking up for an investment- don’t get turned down by a negative cash flow property so long that property is in an appreciating area (i.e Downey, CA for me)- most importantly.. at your age, I would say Is gather yourself with people with the same mindset.. saving as much money as possibly can while being in your early 20s is not your common hobbyGood luck my dude!

Price is $450k, market rent for each unit is $455/month ($8190 gross total).

I would figure out the following in order to make my decision: PGI (potential gross income)-V&C (vacancies and collections)=EGI (estimated gross income)-OE (operating expenses)=NOI (net operating income)The NOI will be the income you make per month.

I'd estimate he made $1 million gross profit after 5% real estate commission.BTW, what is your family's company?

All the multifamily homes I find that the numbers work are in areas that aren't that good or safe.For example: I found 3 triplex that is selling for 180k owner financed. works out to 60k each7 units already occupied at 400/month = 2800 gross rentone of the triplex needs some work but I feel like I can cash flow 1500 /month on this even with 100% financing!

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