In Chicago, people are thinking about investing in the short sales, fast track properties, estate properties for their future. It's not just about looking at the location of the building, but the style, the appeal, the numbers for the debt service ratio for the property, to the current leases, their terms and the anticipated rents in the future based upon the market and the location of the property.
Buy & Hold:
Market Value $
Discount/Profit %
Purchase Price $
Amount Financed (-)
Down Payment (=)
Cost of Purchase (COP) (+)
Cost of Repair (COR) (+)
Total Investment (=)
Net Operating Income (NOI) $
Principle & Interest (-)
Cash Flow Monthly/Annually
Buy & Sell:
After Repair Value (APV) $
Fast Sell Factor (-)
Fast After Repair Value (FARV) $
Discount/Profit (-)
Cost of Purchase (COP) (-)
Cost of Repair (COR) (-)
Carrying Costs (CC) (-)
Cost of Sale (COS) (-)
Purchase Price $
Amount Financed (-)
Total Investment $
Want to learn more? I'm teaching a class and holding a forum on this topic, August 19th here in Chicago at 6:30 at 4553 N. Lincoln Avenue at Bridgeview Bank Group.
Questions: BarbVan@kw.com
P.S. Paperwork is one thing ..... understanding what to look for in a building is another thing! Hope to see you there.
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