Did I want to get up this morning? NO
Did I get to ride my bike to town? NO
Did I get to practice my jiu jitsu? NO
Did I let that stop me? NO!
As you can see the word NO was running through my mind quite a bit this morning.
However...every time there is a NO there is also a YES. That's the whole two sides to every coin thing.
So while I didn't want to get up this morning, I did.
And I also didn't get to ride my bike to town due to a torrential downpour, I did take my golf cart.
Additionally I didn't get to practice jiu jitsu, but I will tomorrow.
Every NO I have encountered today has a YES right there with it. We only have to CHOOSE the YES.
There is a quick and easy way to evaluate rental properties in your area. These six do just that for you and allow you to decide if you should pursue the property or not!🏘 Gross rent multiplier-this is very simple and straightforward. You simply take the total purchase price of the property and divide by the yearly gross rents (which you can predict off of rentometer.com). The higher the GRM, the less attractive the property is.
The 1% rule- very simple formula stating that the monthly gross rents should equal 1% of the total purchase price. For example, a $100,000 property should bring in $1,000 per month in rent. This rule is subjective, especially in coastal areas.
Cap rate- a cap rate states how we are producing income after the expenses are taken out. So the simple formula is the net operating income divided by the total purchase price. Typically the higher the cap rate the better, but other factors like market and area must be taken into consideration.
50% rule- this quick and easy formula states that 50% of your gross rents will be lost to operating expenses. Again, this is only a rule of thumb and should be followed up on to see the exact numbers.
Net income after financing- its the simple formula of taking the net operating income which we found above, and subtracting the financing costs that you can find on an online mortgage calculator. This helps you to predict cash flow. For instance, if your goal is $100 cash flow per door this will help you better predict that for the property.
Cash-on-cash return- you will take the net income after financing costs that you just calculated and you will divide it by the total cash invested or the down payment. So for instance, if you put $5,000 down payment and you received $400/month net income after financing then you would have a 96% cash on cash return!
2 281 hour ago
Thanks for the chance to play for WESG ! With 2 of my MY friends Ayin & Atie with along side of my rest of my SG friends Diana, Regina, Kim & Dephaine. Thanks to my Bae for accompanying me too. Lastly, thanks Zimmy for coming down to SG as well as a Coach ! I hope you guys enjoy this tournament experience !
When You Working On Your Dreams, Know That Establishing Non-NEGOTIABLES will Keep You Alive & Ignited🔥 Sunday Bridge Run is What Shifted My Entire Being After Realizing that Running Is Beyond Mental! No Matter The Weather Condition Or Deepest Fear Within You, The Ben Franklin Bridge Will Have You Living & Loving on Your Life Due To The Appreciation of Completion & Being What’s Possible! Gratitude on Gratitude On Gratitude!! *Remember: When You Don’t Move On Life, Know FOR A FACT LIFE WILL MOVE ON YOU! So, GET MOVING💫
Though many members of the 1% are lucky, or were born into privilege, most also get or stay rich by practicing certain good habits. Forging relationships with other success-minded individuals, pursuing long-term goals with determination, and waking up three or more hours before work to increase productivity, are just some of these practices. Some individuals also volunteer, make sure to read every day, and volunteer during their free time.
99 2,73117 June, 2018
I need 100 Milli so I can buy a Richard Mille 🤑
Why i say $100 million to buy a watch that’s worth almost a million is because you should never own a time piece on your wrist worth more that 1% of your entire net worth. Anything past 1% is financially irresponsible. That’s how you go broke 🤕 I’ve seen to many guys in my city try to flex like me but over stretching there budget..... we never heard of them again 🤣 Don’t flex harder than your wallet can keep up & that goes for you guys trading the financial markets too. Money management is the key to all success wether investing or shopping..... that’s my nugget for the day 🎓
What’s your favourite watch brand?⌚️👇🏼