FAQS
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| 1) Are there standard techniques used by investors to analyze properties? |
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Yes and No. There are industry standard formulas, but you need to know a bit about basic specific areas, i.e. vacancy, capitalization, and management fee rates will be specific to an area. Tax rates may also very by area. Understanding the background of the owner and management are key components as well. Residential properties cannot be calculated the same as commercial or land. We try to avoid the "Standard Formula". Instead our recommendation is to use as many actual numbers as possible. The basics of investment analysis are, actual income less actual expenses. When analyzing a property you need to ask yourself these questions; "Will I be able to raise rents?" And "What improvements will I make to create value?" A common form used by investors is called an APOD or Annual Property Operating Data can also be a very useful tool. These are available online or contact us and we will provide you with one. |
| 2) What is the prime rate?
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The prime rate is the interest rate that banks charge their best corporate customers. |
| 3) What is an REO?
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REO stands for Real Estate Owned. This is the term used by a financial institutions to describe a property that they have foreclosed on. |
| 4) How do I find a good lender and should I establish more than one relationship?
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Interview them. Like any professional service you need to interview them to be sure that they are able to think outside the box and are a good fit for what you are attempting to do. On your team you should have several financial professionals. You must also be creative with your financial resources and be open all options like; Seller Carried Notes, Credit Cards, and Hard Money just to name a few. It is said, "Be creative and the money will find you." |
| 5) How do I sign up? |
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Give us a call at 208-468-1024 or click here to E-mail us. |
| 6) How much does it cost? |
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Each workshop may vary. Contact Us for pricing. |
| 7) How long are the workshops? |
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Most classes average around 3 hours. However classes approved for CE credits may be up to 8 hours. |
| 8) When are the workshops? |
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Workshops are scheduled on a month to month basis. Contact Us for details. |
| 9) What time are the workshops? |
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Usually from 6 PM to 9 PM, unless it's a 8 hour course. |
| 10) What do I need to bring? |
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Just a pad of paper, a pen, and an open mind. |
