David Saks

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Education & Training - (retired) - TN LIC# 290452
David Saks is a musician, retired real estate broker, and long-time ActiveRain member. David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet. Please join. Membership in ActiveRain will enrich your life !

ARCHIVED BLOG POSTS

2009 

                                                           I leased a storeroom to a business owner on a percentage basis.The lease calls for a monimun monthly rental of $4000 per month and 5% of the gross monthly business over $800,000.How much rent would I receive annually from the businessman ...
01/10/2009
                                                                A real estate transaction closes on September 12, 2009.The taxes for 2009 are $8752.40 and they haven't been paid yet.They have to paid by the purchaser.When the taxes are prorated for the calendar year, what is the amount that has a...
01/10/2009
                                                       If a buyer purchased an apartment building for $400,000 and the total amount of the rents received amounted to $60,000 annually, and his annual expenses were $20,000, what is the rate of return his investment will pay ? Take your time. The so...
01/10/2009
                                                             What would be the annual rate of interest on a $42,000 loan if the quarterly interest payments are $577.50 per quarter ? Take your time. The solution is posted below the wildlife photo. A. 5.5% 577.5 quarterly interesttimes4 quarters=23...
01/10/2009
                                                         An owner owns a building that gives him a gross income of $3,250 per month.His average monthly expenses are $1550 per month.Would would be the owners net income per year on the property considering these variables ? Please take your time. T...
01/10/2009
                                                              A lot 65 feet wide and 150 feet deep sold for $76,700. What was the price of the lot per front foot ? Take your time. The solution is below the wildlife photo. A. $1180 per front foot This is really pretty simple and shouldn't consume ...
01/10/2009
                                                          The commission rate has been established for selling an apartment house and was set at five percent of the first 15 thousand dollars, and three percent of the next 20 thousand dollars. The commission rate on the balance was 1.5 percent.The...
01/10/2009
                                                       A broker sold a lot 125 feet wide by 160 feet deep for $1.70 per square foot.The buyer paved the lot at a cost of $22.50 per front foot.What is the total amount that the buyer would have to ask for the property if he wants to make a profit of...
01/03/2009
                                                     An apartment building has a gross income of $11,340 per month and annual expenses of $25,000.What is the proce a buyer would pay for the building to receive a net return of 8% on his investment ?Please take your time. The solution is posted bel...
01/03/2009
                                                       What would be the depth of a rectangular lot containing 1080 square yards with a frontage of 90 feet ?Take your time. The answer is posted below the wildlife photo. A. 108 square yards First find out how many square yards equal 90 feet by div...
01/03/2009
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David Saks

May God Bless You, Always. David
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