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Rainmaker
2,800,276
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Oh my gosh ... Barbara Todaro - my thoughts exactly. Well, not exactly exactly ... mine was you have got to be {blanking} kidding me.  Close enough. 

Mar 06, 2017 06:46 PM
Rainmaker
5,039,483
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

you're kidding, right?????

Mar 06, 2017 06:22 PM
Rainmaker
1,039,798
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Is this a serious question from someone in this business?

Feb 15, 2018 05:54 PM
Rainmaker
3,831,646
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

I'm stunned..I think Barbara Todaro commented my thoughts!

Mar 06, 2017 07:10 PM
Rainmaker
3,021,913
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Working many investment opportunities and multy family homes, this is the most basic checks if a property is worth buying. Simple math adding rents, adding expenses and seeing which is more. Too many expenses means stay away or get it a much better price. Too much profit means it is already sold while one is still calculating profit

Mar 07, 2017 05:32 AM
Rainmaker
1,838,855
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

To determine if it is a sound investment

Mar 07, 2017 04:52 AM
Rainmaker
773,882
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I'm actually curious where you are getting these questions Abby?  And it might help us to be willing to continue to answer if you interacted back with us as well.  Many of your questions are much larger questions than just this forum could allow an appropriate answer for.  Some I have no idea what you are even talking about and I have been licensed for 13 years, am a designated broker and feel like I'm pretty well versed in our industry. -Kasey

Mar 06, 2017 08:55 PM
Ambassador
3,355,233
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Like the others, I agree with Barbara Todaro!

Mar 06, 2017 08:15 PM
Ambassador
3,983,227
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

That is a entire real estate course. 

Mar 06, 2017 07:42 PM
Ambassador
4,013,889
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Barbara Todaro took the words right outa my mouth!

Mar 07, 2017 07:03 AM
Rainmaker
3,983,365
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I would ask your instructor to write it on the board for you

Mar 06, 2017 08:15 PM
Ambassador
2,358,341
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 By an HP-12C financial calculator, learn how to use it.

Mar 06, 2017 08:12 PM
Ambassador
1,644,790
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Abby, I am really getting tired on many of your questions. You obliviously don't know about IRR, ConC, Cap rate, DCR, or GRM. Try passing your real estate test and then work on continuing education.

Mar 06, 2017 07:17 PM
Ambassador
4,269,735
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Which P&L formula are you talking about, and isnt the answer obvious beyond that?

Mar 06, 2017 06:58 PM
Rainer
1,515
Matt Huntsman
AgentProfessor - Salt Lake City, UT

Honestly, there is a course in Utah that has all of these questions as questions we are supposed to ask.(most of them are bad questions) I myself have never reached out to a "proffessional" for this exact reason. We will have literally just spent a day learning about this and be given ridiculous regurgated questions, that yes, are dumb, but is it really necessary for everyone to rip this girl apart for doing an assignment? 

Aug 24, 2018 07:51 AM
Rainer
408,394
John Duke
Staging By John - Burlington, NC
We stage your home to show it at its best!

I am afraid I don't know how to answer this question as I am a stager best of luck

Mar 03, 2018 08:06 AM
Rainer
5,735
RAFAEL ZARATE
SEAHAWKS, INC. - Saratoga Springs, UT
industry observer trying to get into real estate w

On Her defense, I think she is or was doing the same online course.

There is a section called: " Ask a professional ". For some reason, unknown by me, tells you to come to active rain and ask this kind of questions to you guys. And maybe she is doing it like me: online, virtual, without a professor, without a mentor, just with Google helps and yours. Maybe, I don't know.

I certainly apologize if we bother you with this kind of questions, but in my case, I got to bed at midnight and wakes up 4 am to do my online course until 9 am and then take care of business. It will be impossible for me finish this without some help. I don't have too many neurons and most of them are fried 4 am. Anyways, I just wanna thanks all of you cuz I've seen most of you in some blogs or giving some answers and sharing things really important for me, even though they look really simple for you.

Thanks again.

 

Aug 10, 2017 08:09 AM
Rainmaker
1,495,772
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

How many questions you have, my dear and when you are going to finally graduate? We need agents like you! 

Mar 08, 2017 12:49 AM
Rainmaker
1,247,507
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

On a calculator?

Mar 07, 2017 09:58 AM
Ambassador
1,613,740
Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

excellent at the same time

Mar 07, 2017 07:24 AM
Rainmaker
1,379,217
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

abby tiscareno I am not aware of a Profit and Loss formula. The P&L statement with proper adjustments is used to provide expenses, etc. to determine the NOI on a property which in turn is used in the formula to determine value.

Value = NOI/CAP Rate

Mar 07, 2017 06:50 AM
Rainmaker
3,304,515
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

And your instructor is clueless? Try another school!

Mar 07, 2017 06:18 AM
Rainmaker
565,713
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Wow, this really brought out the pitchforks and torches!

Mar 07, 2017 05:26 AM
Rainmaker
3,053,541
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Barbara Todaro nailed this one!

Mar 07, 2017 04:49 AM
Rainmaker
5,425,599
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Investors are seeking profits. You have some studying to do.

Mar 07, 2017 04:43 AM
Rainmaker
4,797,473
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Carefully and accurately.

Mar 07, 2017 04:18 AM
Rainmaker
3,134,777
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

No idea... not an appraiser. Ask an appraiser. And once you've done that, why not write a post about it? You'll learn so much more. (And by the way, this question has been asked and answered numerous time in AR. Check out previous responses.)

Mar 07, 2017 03:28 AM
Rainmaker
933,116
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I use cash on cash and to some extent CAP rate, but P&L comes from the CAP rate analysis too. The numbers don't lie; it either cash-flows or doesn't.

Mar 06, 2017 11:56 PM
Ambassador
4,300,592
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

abby tiscareno - I leave to the buyers and their accountants...

Mar 06, 2017 11:32 PM
Rainmaker
1,157,274
FN LN
Toronto, ON

What is the "Profit and Loss formula"?  I have never seen that terminology.

Mar 06, 2017 09:51 PM
Rainmaker
4,492,083
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I am as stunned as Dorie Dillard , and Debbie Reynolds is right.

Mar 06, 2017 08:56 PM