Web Programmers Magazine COVER Page
YOU Can Advertise
In This Magazine
Buy Investment Property Without Seeing It
Why would you buy investment property without seeing it? It's a numbers game. Whether or not you see the property before you make an offer isn't nearly as important as making sure the numbers make sense.
A man in California used to just send out offers on a hundred MLS listings at a time, offering 25% less than the asking price on each one. Occasionally a few sellers would accept his offers. He never had to look at the homes beforehand. Including an "inspection and approval" clause in the offer meant he could always back out of the deal later when he saw the house. Meanwhile, he efficiently found the truly motivated sellers.
This true story demonstrates that with a good clause or two in the contract, you don't have to worry about making an offer before you see a property. It's true when you buy investment property or your next home. When it isn't everything the seller says it is, you can reject the deal with little or no loss. So why wouldn't you want to look at the property?
Buy Investment Property By Numbers
The main reason you might skip looking at a property before making an offer is time. This is certainly true if the property is far away. If you don't get a price that makes sense, why spend your time traveling to look at real estate investments? A price and terms that make sense - this is what is important. Of course you'll probably want to look at the actual property eventually, but looking at the numbers is how you invest.
Investors value income property according to current cash flow (or should if they want safe and viable investments), so start by verifying income. Get the actual income figures for the past 12 months. Always consider the potential income if rents are raised, vending machines are added, etc., but base your offer on the current income.
Verify all expenses with investment properties. If any expenses listed by the seller seem unusually low, they most likely are. Just substitute your own best guess in place of any suspicious numbers.
After you determine the net operating income, apply the appropriate capitalization rate to arrive at the value. If you're not sure how to do this, get help. However, you really should understand the principle of how to figure a cap rate. This is a numbers game you're playing.
Calculate loan payments (talk to your banker), and see how much cash flow you'll have. Then you can figure your cash-on-cash return based on how much of your own money you put into the deal. Just divide the cash flow by your investment.
When the numbers work, you can safely make an offer. Inspections will tell you if there are problems that will affect the cash flow. You can always renegotiate if there are such problems (assuming you made your approval of all inspections a contingency of the offer). Of course, you can even go take a look now that you are truly ready to buy that investment property.
Web Programmers Magazine
FULL PAGE ADVERTISERS
!-WANT_TO_PURCHASE_ MINERALS_&_OTHER_OIL_&_GAS _INTERESTS.pdf
8-180-Niche-package-offer-THE DOUGLAS MILLIKEN COMPANY.pdf
Rosemary-Logan- How-to-get-1-million-people- to-send-you-$10-cash.pdf
WANT TO PURCHASE
MINERALS AND OTHER
Send details to:
P.O. Box 13557
Denver, CO 80201
Current Issue of 02/19/2017
BECOME A MILLIONAIRE IN SIX MONTHS!
5000 Flyers Mailed On All 3-Levels. Receive $200 Money Orders In All 3-Levels, A Free 24/7 Website.
Join Us Now!
Yes! Up to 100,000 HOT READERS
1 sided 8.5x11 ad on our popular "BUSINESS OPPORTUNITY" WEBSITE.
"BUY DIRECTLY from "DIRECT SOURCE!
Visit Today! Use This Special Buyer's Discount Code And Receive a Free Gift With Your First Purchase.
Not Ready To Buy? Use The Buyer's Discount Code And Receive Special Offers, Coupons And Promotions!
23 POPULAR FAST FOOD RESTAURANT DISCOUNT CARD
THE $500.00 A DAY PLAN
HOW TO MAKE A MILLION DOLLARS!
Send $5.00 Cash + Your Name &
Address for my Five Page Plan.
It Works. Try It. Mail to: ALLEN
600- 18th. Ave. N # 217E, Minneapolis,MN 55411
SILVER EAGLE PRO
Over $10,000 A Month-Plus
An endless supply of
valuable American silver & gold coins. Financial freedom at last!
$300K up to $100M for refinance, purchase or construction.
J.C. PATTON BROKERAGE SERVICE
841 NEWPORT RD.
LEXINGTON, MS 39095
THE MAILBOX MAGIC!
Receive AD with YOU in #1. Start by Mailing $10 to Each Member. You will be in #2 & #4 in your recruit's Ads.
1. Cergine Cator
1327 NE 125 St.
2. Gerard Jeanty
12035 NE 2nd. Ave 3315
3. Akiko Frazier
98-838B Kaonohi St.
Aiea, HI 96701
12035 NE 2nd. Ave 3315
N.Miami, FL 33138
THRU 2016 - CRAFT SALE
Dozen pretty + unique X-mas Ornaments $8.Twin Size X-mas Afghan $35. Crochet Wall Plaques $7.Set of 2.
LILAC & LAVENDER
146 R.L. WHITEHEAD ROAD
SEYMOUR, TN 37865
Send me $3 for details on how you can get lots of it!
1259 EAST 58th. STREET
LOS ANGELES, CA 90011
The Mailbox Magic!
Receive Ad with YOU in #1.
Start by Mailing $10 to Each Member.
You will be in #2 & #4 in your recruit's Ads.
1. Daniel J. Bolton,10235 NE 2nd. Ave. #315
N.Miami, FL 33161
2. Cergine Cator, 1327 NE 125th. ST.
N. Miami, FL 33161
3. Akiko Frazier, 98-838B Kaonohi St.
Alea, HI 96701
4. Cergine Cator, 1327 NE 125th.
N.Miami, FL 33164
Interested in switching your merchant
account or setting up a new account.
Visit NOW! Mention ID # 16425
ULTIMATE HOME PUBLISHING CD
Over 30,000 reports, MB of software,
thousands of postal & e-mail addresses
and much more!
For your own
"Ultimate Home & Internet Publishing Portfolio CD"
with unlimited duplication
and resell rights + a sales circular,
Rush only $39.95 by check or M.O. to:
PO Box 35-188
Elmwood Park, IL 60707
Exciting Magazine Worth Having
SHORE TO SHORE
Reliable service, Best of the Best
Offers, Info, Ad Specials!
Will you have the next
One year subscription only
$20 + LSASE to:
Bronx, NY 10452
GAS & CASH EXPLOSION!
Never Pay For Gas Again!
Get a $25 Pre-Paid Gas Card
Just For Joining!
$25 Gas Cards + $15 Cash!
For your master copies, your first $25 Gas Card, and to begin receiving Unlimited Gas Card & Cash Earnings, Send This AD + One-time payment of $75 to the Monitor:
1002 9th Ave. New Brighton, PA 15066
Referred By: Gerard Jeanty, ID#1180
Select 2 choices of Gas Cards:
Exxon BP Gulf Sunoco Shell Marathon CitGo
LOOKING TO EARN $3,500 + PER WEEK?
Marketing Veteran Is Exposing His Proven
System With FREE, Unlimited Coaching!
$997 Value! Limited Spots Available!
No Income Or Credit Check!
No One Refused!
For Application, Send #10 S.A.S.E to:
1508 STAFFORDSHIRE DR.
CHARLESTON, SC 29407-6508
INSTANT CASH FLOW SYSTEM!
How To Make An Amazing Income For Life
With A FREE Instant Cash Flow System!
a $597.00 value!
Start From Absolute Zero And Create An
Amazing Income For Life - Guaranteed!
Return This Ad With $1.00 Processing Fee To:
Free Cash Flow System
100 Blackamore Ave., Suite 22
Cranston, RI 02910
(Reg # 1809)
to call on spas, beauty salons, beauty supply stores, boutiques, health clubs, etc. to introduce and sell Wild Rose personal care products. 40% commission on every case sold.
Send for info to:
PO BOX 303
RANDALLSTOWN, MD 21133
The reason for Hate Mail and How To Respond.
Improve your customer service skills. Report with Reprint Rights $3.00
PO BOX 1886
HORSHAM, PA 19044