Real Estate, How Much Should I Pay For This House?
We probably answer this question for someone a couple times every week. The problem is that they don't have a good formula for determining the most they can pay and still make a profit ? so they're scared to make any offer. Here's what we use for single family homes:The (MAO) Maximum Allowable Offer is calculated by first determining what the house will be worth after renovation - the ARV (After Repaired Value); less the rehab dollars required; less the Buy/Sell/Hold (B/S/H) costs; less profit margins.MAO = ARV ? Rehab ? B/S/H ? ProfitSo let's break that down a little further. To determine the ARV, study comparable sales data. Comparable sales are those properties which sold in the last 6 months to 1 year, and within ? to 1 mile from the subject house.
But other factors must be considered as well. The more characteristics between the properties that are similar, the more valid the data. Make sure that the house itself is similar in square footage, bedrooms and baths, age, style, and architecture. Don't worry about condition except as it will affect the amount of rehab dollars required. Next, look at the neighborhood and the individual street.
Do they look the same? Or is the comparable property on a beautiful street while the subject property is on a street riddled with empty littered lots and boarded up houses? The point is to view the potential investment as your end homeowner occupant will. If they could buy your completed investment on the bad street, or a house on the beautiful street ? either for $150,000 ? which would they choose? The other house of course. Which means your house is not worth the same ? it must sell for less to attract a buyer.Rehab dollars differ from renovator to renovator depending whether they do the work themselves, or use cheap subs, or use an expensive general contractor. The scope of the work should be the same ? it is whatever is required to make the investment look like the comparable houses (unless the plan is to sell well under market value). We do not attempt to obtain all of the various contractor bids when we are making offers.
All the real deals would be sold before we'd ever have an offer together! Instead we've developed ranges of rehab dollars based on the overall condition of the home. Is it an exact science? No, but neither are the bids ? there will always be something missed. So why not work with a guide that is probably 90% accurate and allows for quick offers?Buy/Sell/Hold costs include expenses such as appraisals, attorney fees, title search & title insurance, loan origination fees, debt service, utilities, insurance, taxes, real estate commissions, and closing fees paid on behalf of the end buyer. Again, these costs vary depending on each investor's individual situation. In the Atlanta area, 15% of the ARV seems to be a good average allocation for B/S/H costs.
If you are the renovator, calculate your specific B/S/H costs, then utilize that percentage for future offers.Profit margins are the fun part of the equation. How much do you want to make? If you're wholesaling the property, you also want to consider how much you should leave in the deal for the investor buyer to make the deal attractive.That's it. That's how you calculate the most you'll pay for a property. But that's not what you SHOULD pay. It is the maximum you'll pay.
It is the deal-breaker. You will not pay one penny over the MAO. Your negotiations should lead you as far below the MAO as possible. The difference in amounts is additional profit in your pocket. What you SHOULD pay is the minimum price below the MAO that the seller will accept.We call this the MIN-O.Have a rich week,Lou.
Lou CastilloFREE! Real Estate Investing Secrets To Earning $100,000 Your 1st Year! -- 11 Overlooked Real Estate Statregies That Will Turn Your Investing Business upside Down And On The Fast Track TO Success...Guranteed! Plus A Bonus Track With A Secret So Successful It Can Double Your Investing Income Overnight!http://www.InvestorSuccessTactics.comjosh@joeandlou.comDo I Really Need Colonic Irrigation ?
Colonic irrigation is lauded by its advocates as providing relief from a number of complaints, while improving also the general health and wellbeing of the irrigation patient. Many mainstream medical professionals, however, as opposed to the alternative practitioners who usually provide the colonic irrigations, remain less than enthused by the treatment, and claim that the procedure merely provides an expensive version of a detox that the body is more than capable of performing by itself. So is the cost of colonic irrigation really justified, or would the consumer be better off with a store bought laxative?
The difference, perhaps, between the colonic irrigation and the laxative is that the first is said to be conducive to maintaining health, while the second is usually only taken as a quick fix when something is clearly wrong with our digestives systems. Not purporting to offer anything other than the most immediate and minimal sort of detox, a laxative makes no lofty...
Cheap laptops > Do I Really Need Colonic Irrigation ?
Do I Really Need Colonic Irrigation ?
Colonic irrigation is lauded by its advocates as providing relief from a number of complaints, while improving also the general health and wellbeing of the irrigation patient. Many mainstream medical professionals, however, as opposed to the alternative practitioners who usually provide the colonic irrigations, remain less than enthused by the treatment, and claim that the procedure merely provides an expensive version of a detox that the body is more than capable of performing by itself. So is the cost of colonic irrigation really justified, or would the consumer be better off with a store bought laxative?
The difference, perhaps, between the colonic irrigation and the laxative is that the first is said to be conducive to maintaining health, while the second is usually only taken as a quick fix when something is clearly wrong with our digestives systems. Not purporting to offer anything other than the most immediate and minimal sort of detox, a laxative makes no lofty...
Cheap laptops > Do I Really Need Colonic Irrigation ?
Guide to basic Lawn Mower Maintenance
Trying to start your lawn mower after a long winter can be very frustrating.
Performing a few routine maintenance tasks before you store your lawn mower for the winter can save you time in the spring, prolong the life of your lawn mower, and save you money over the long run.
Even if you have already put your lawn mower into storage for the winter, a few simple maintenance tasks performed before starting your lawn mower in the spring can be very beneficial.Wash and dry your lawn mower after the mowing season is over.
A power blower can be very helpful in removing grass and debris from the underside of your lawn mower and other hard to reach areas.
If your lawn mower engine is air-cooled, use a stick or wooden dowel to remove any residue from the cooling fins.
If you have a lawn mower with a water-cooled engine, check the coolant level and fill the reservoir if needed. Clean the radiator cooling fins with a strong jet of water.
You...
Cheap laptops > Guide to basic Lawn Mower Maintenance
All Major League Baseball Game Tickets Available at Cheap Premium Tickets Now
OLD BRIDGE, New Jersey (ContentDesk) April 20, 2006 -- Cheering crowds, cracks of the bat and the smell of hotdogs can only mean one thingthe opening of the 2006 Major League Baseball season.
Deemed as Americas favorite past time, Major League Baseball has captured the hearts of millions with its entertaining players, double plays and walk-off homeruns.
This year, take yourself out to the ballgame and let Cheap Premium Tickets (www.CheapPremiumTickets.com), a respected ticket agency and worldwide leader for sports and entertainment events show you to your seat. Our large selection of Major League Baseball game tickets includes the regular season, post-season, All-Star and the World Series, Cheap Premium Tickets CEO Drew Gainor said.
If youre planning to purchase tickets to any Major League Baseball game, come experience our unmatched customer service and competitive pricing online or by phone. Cheap...
Cheap laptops > All Major League Baseball Game Tickets Available at Cheap Premium Tickets Now
Mopeds and Scooters
Focus: as means of leisure travel
Last time you went to a popular football match or ball game in your car did you have to sit in a traffic jam? Did the walk from the car to your seat take for ever? Were you stuck in really bad traffic on the way home? What was your travel time compared with the time spent at the stadium? Did you notice people whizzing past your almost stationary car on mopeds and scooters? Did you notice these same machines parked-up just next to the entrances to the stadium itself?
Mopeds and Scooters are becoming more and more popular in the USA as their availability is now countrywide. The original mopeds and scooters of Europe and indeed the rest of the world are at last available in quantity with quality in the US and many people are taking advantage of this cheap and stylish option not only to get to work and back but for fun as well.
Gone are the days of kick-starting your bike...
Cheap laptops > Mopeds and Scooters
ScoringAg Prepares Fish/Shellfish Harvesters For FDA Traceback and EU Traceability Commission Rules
(ContentDesk) January 26, 2006 -- These requirements are mandated by the FDA through the Bioterrorism Act of 2002, as well as the EU Directive 2002/991EC and Directive 91/493/ECC, and apply to all facilities wherever food commodities and fish/shellfish are received, cleaned, stored, blended, processed, and reshipped, and all associated records.Operations that receive raw agricultural commodities, and manufacture and pack them for sale as fresh food products, are also required to comply with these laws. Even the delivery truck and its drivers have to be recorded. These food handlers will have to keep records of all fish/shellfish received, stored, and shipped which is required to help prevent natural or terrorist contamination.The wild and farm-raised fish/shellfish recordkeeping process must be in place by June 2006 for US operations that have 11 or more employees. After this date, all records must be available to the FDA as soon as possible, and no longer than 24 hours after a request...
ScoringAg Prepares Fish/Shellfish Harvesters For FDA Traceback and EU Traceability Commission Rules
Cheap laptops > ScoringAg Prepares Fish/Shellfish Harvesters For FDA Traceback and EU Traceability Commission Rules
ScoringAg Prepares Fish/Shellfish Harvesters For FDA Traceback and EU Traceability Commission Rules
(ContentDesk) January 26, 2006 -- These requirements are mandated by the FDA through the Bioterrorism Act of 2002, as well as the EU Directive 2002/991EC and Directive 91/493/ECC, and apply to all facilities wherever food commodities and fish/shellfish are received, cleaned, stored, blended, processed, and reshipped, and all associated records.Operations that receive raw agricultural commodities, and manufacture and pack them for sale as fresh food products, are also required to comply with these laws. Even the delivery truck and its drivers have to be recorded. These food handlers will have to keep records of all fish/shellfish received, stored, and shipped which is required to help prevent natural or terrorist contamination.The wild and farm-raised fish/shellfish recordkeeping process must be in place by June 2006 for US operations that have 11 or more employees. After this date, all records must be available to the FDA as soon as possible, and no longer than 24 hours after a request...
ScoringAg Prepares Fish/Shellfish Harvesters For FDA Traceback and EU Traceability Commission Rules
Cheap laptops > ScoringAg Prepares Fish/Shellfish Harvesters For FDA Traceback and EU Traceability Commission Rules
Solving Personal Problems Is a Job Skill
What personal problems do you have? Do you have to buy a new car, but have limited funds? Are you thinking of taking some classes, but are afraid of taking a class that is not marketable for your job? Fun education is not something you think about. Do you have trouble keeping to a personal budget? You barely scrape by until the end of the month. Here's some advice about solving some personal problems, which are job skills. You may not have thought of them as such. Buying a car without much money is difficult.
Approach the problem this way. Tell everyone you know that you are looking for a car and have a limited amount of money. Try this approach first, before contacting dealers or looking at ads. Take a class at a community college which will be cheap for either a semester or quarter. Take only one and make it something fun after all.
Fun things to learn often stimulate the mind to go forward despite fear. You might find a new career direction. Having trouble with money?...
Solving Personal Problems Is a Job Skill
Cheap laptops > Solving Personal Problems Is a Job Skill
Cheap laptops Real Estate, How Much Should I Pay For This House?
Pool Ladders
Pool ladders are installed in almost all swimming pools. They are used to climb in and out of the pool. There is a wide collection of ladders available for both in-ground and aboveground pools. They are available in aluminum, white vinyl, structural plastic, resin and stainless steel materials. Color choice does not vary much, since painting them is not viable.
Some of them are lined with anti-skid material to avoid slips and falls. They come with easy assembling techniques and provide...
ladders Cheap laptops Real Estate, How Much Should I Pay For This House?
Cheap laptops > Pool Ladders
Cheap laptops Real Estate, How Much Should I Pay For This House?
photo printer Cheap laptops Real Estate, How Much Should I Pay For This House?
Cheap laptops Real Estate, How Much Should I Pay For This House?
Roland Corp. Selects DoubleSight ?Dual? LCD Display to Showcase its Digital Recording & Mixing System at The NAMM Show
Anaheim, CAJ(ContentDesk) January 15 2004-?Setting a new standard in music technology, Roland Corporation U.S. has selected the new DoubleSight Displays Dual LCD monitor to demonstrate the power of Roland's market-leading Digital Studio Workstations at the National Association of Music Merchants (NAMM) Show.Who: NAMM Show attendees, exhibitors and media are invited to see how this powerful technology combination leverages the value, stability and robust features of Roland's comprehensive digital...
Roland Corp. Selects DoubleSight ?Dual? LCD Display to Showcase its Digital Recording & Mixing System at The NAMM Show lcd tv Cheap laptops
Cheap laptops > Roland Corp. Selects DoubleSight ?Dual? LCD Display to Showcase its Digital Recording & Mixing System at The NAMM Show
Cheap laptops
This page loaded in 0.08347 seconds.