http://www.commercialpropertyadvisors.com/dummies Commercial real estate investing for dummies by the author of the book Commercial Real Estate Investing for Dummies
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Great video thanks for posting!
Just saw this video..enjoyed!! Are you famaliar with the Atlanta market
how this mans figure out 6.5% in his head so fast at 9:35
Thank you very much for sharing your knowledge!!
Nice work Peter!!! Thanks for sharing these timeless skills.
You use a 30 year assumption on the mortgage. Every lender I talk to wants no more than 20 years amortization with a 5 year term. Am I talking to the wrong lenders?
Great video, Mr. Harris.
I have just started leaning about Real Estate investing. I want to flip my first property within a month. I have been reading various books on the subject and I recently joined an Investing group locally.
Do you have any clear, straight-forward advice on how to get funding for a beginner who has no money? I would appreciate that.
Would that right there be classified as a good deal based off the numbers?
Oh and for the nay Sayers with the calculations ... A banker is rounding to the nearest thousandth in the credit memo for a loan decision. So anything else is negligible and discarded. For instance $57,170 would be $57M in expenses. $33,372 would be $33M for Debt service (principal and interest). Gross adjusted income of $113,400 would be $113 - $57 in expense = $56 NOI (Net Operating Income). Cash flow would add back interest and depreciation expense when calculating a DSCR or the Debt Service Coverage Ratio, which in commercial real estate lending is a key component in making the a decision. So basically the entire NOI is considered cash flow by a banker. $56M / $33M = 1.70x DSCR. As a side note, Bankers use "M" to indicate Thousand and "MM" to indicate Million.
Pretty good video but when you used the word "evaluate".. I thought you were calculating for value. I was curious of how you were going to explain the market capitalization rate to get what the appraised value would be using the income approach. Had you mentioned "cash flow" in Lieu of "evaluation" .. I would have been right with you. This would be a killer property considering the DSCR would be 1.7x .. However, the rate may be conservative but I would have based the term on a 20 yr am .. 30's a bit more liberal. Good video though..
is eighteen too young to start doing this?
This is a really good video for a great industry.
Can someone help me on how to get the mortgage repayment of 2478? How would you calculate this using a normal calculator?
Good job on summing things up here. I'm glad you used realistic expenses here. A 10% vacancy and 40-50% expense ratio is very common here in New Brunswick, Canada.
Excellent. Well presented. I'm definitely more interested in this field than before. Many thanks.
Great video.
Hey Peter Harris Can you contact me via email please i have some questions for you
I am considering buying your book but out of curiosity can I ask the following questions
1)Why it would be beneficial to me? 2) Is your book relevant to investors based in United Kingdom?
Actually, the yearly cash flow is $23,798.00 but I'm not judging. Great video! Very easy to understand and I really understand ROI now. Thank you!