Tools For Investing
What software tools do you used for analyzing properties?
I used excel. Anyone use excel or other commercial products?
What do you look for in the figures: GRM, cap rates, location, rental rates, others-please specify?
thanks,
NG
I use Excel and strongly believe that others should as well in order to get the "feel" of an investment.
I find most ratios (GRM, cap rates) to be of value only as a screening device and would never use them to make an investment decision. i.e. I know that if the cap rate is 5, I will immediately move on unless there is very compelling evidence that the value will skyrocket.
What I am usually after is pre-tax cash flow. Net Operating Income is also useful.
Check with www.trustetc.com. You can ask question through that website.
What would you like to know about Jacksonville?
[addsig]
Join your local investor club or landlord club. Should not be more than $100 a year for membership. Lots of friendly people that will be glad to help you.
Glad to help.
thats about the best advice you can get. when im looking for money or help on something i just go to one of the meetings and get up and grab the microphone infront of everybody and let them know what i need/offering. ask one of the meeting reps if you can briefly say something before they start with a speaker. there usually more then happy to let people do it.