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Realist Free Community

Public • 996 • Free

6 contributions to Realist Free Community
Day 5 Homework
Thanks for a great week anyone. Homework for day 5 - (due monday) 1. Calculate cash on cash return for your remaining properties 2. Build a 10-year proforma model from scratch for one investment 3. Calculate annual cash-on-cash return for 10-years 4. Create a rough 1-pager promoting your deal (include photo, metrics, profroma screenshot, and any other key points) Post 1-pager below in the comments. We will pull one random 1-pager to select a winner on Monday!
5
33
New comment Mar 29
3 likes • Mar 11
Done! Thanks again guys!
Day 4 Homework
Thanks for a great live session today everyone. Today's homework is: 1. Contact the local credit union in the market you're searching, and see if they can give you a Debt Service Coverage Ratio (DSCR) and Loan-to-value (LTV) parameter for what they'd loan to you for an investment property. (If you can't reach them, just use 1.25 DSCR) 2. Calculate the DSCR for 3 of the listings on your shortlist. 3. Highlight a deal if it hits the DSCR criteria of the lender. Please post a screenshot of #2 and comment "DONE" in this thread.
Complete action
6
23
New comment Aug 29
2 likes • Mar 8
Done
DAY 3 Homework
Thanks to all who attended todays live session! The homework is to analyze and list 5 deals with cap rates - take these from the list that you have done already for the GRM deals. This is NOI divided by the Purchase Price Please Provide a Screenshot of your deals! The paperclip button in the bottom right corner of the comment box will allow you to add attachments. This is 1) An accountability measure to make sure you're actually going through the reps. 2) Required if you want your completion to count towards the draw! Feel free to look anywhere in the country & put the Door Insight AI tool to work! See you tomorrow
10
30
New comment Aug 28
0 likes • Mar 7
Done👍
DAY 2 Homework
Thanks to all who attended todays live session - The homework is to analyze and list 10 deals using GRM ( Gross Rent Multiplier), which is Property Price / Annual Gross Income Please Provide a Screenshot of your deals! The paperclip button in the bottom right corner of the comment box will allow you to add attachments. This is 1) An accountability measure to make sure you're actually going through the reps. 2) Required if you want your completion to count towards the draw! Feel free to look anywhere in the country & put the Door Insight AI tool to work! See you tomorrow
13
43
New comment Sep 21
3 likes • Mar 6
Done! I was curious about what you do when analyzing a property that has potential for multiple units? For example, looking at single family homes, where a secondary unit is partially there (bedrooms and bathrooms already + separate entrance, but maybe needs a kitchen etc.) Door insight seems to automatically calculate rent as if there is two complete and functioning units. If the plan would be to finish the second unit, would you do your analysis as if the second unit was complete? I am curious how you would adjust the other metrics we use to analyze deals to consider the capital it would take to get the second unit up and running. Curious if this method (finishing a second unit) is more or less profitable compared to properties already complete with 2 units.
1 like • Mar 6
@Daniel Foch Yes thank you! I did catch this answer from Krysta’s question. Makes sense and thanks for clarifying 👍
Day 1 Homework
For a chance to win a FREE upgrade to our Realist course: do the homework every day this week. Thanks everyone for awesome session today. As mentioned on the call - please see the homework below: 1. If you missed the call, please view the recording in the Classroom Tab (typically rendered & uploaded within a few hours) 2. Get access to a spreadsheet software (Excel, or Google Sheets is free with gmail) 3. Download the Door Insight Chrome extension & start analyzing (https://chromewebstore.google.com/detail/door-insight-ai-assistant/ihgocalhphddkfdideofpacjbnlibiai) 4. Go to the welcome post & follow the instructions (https://www.skool.com/realist101-2915/welcome-start-here-2?p=922610b1) 5. Respond to at least one other member's comment in the welcome post. 6. Comment "DONE" in this thread
Complete action
25
58
New comment 14d ago
2 likes • Mar 5
Done!
1-6 of 6
Helena Capell
3
42points to level up
@helena-capell-6786
Mortgage Agent & Beginner Investor Based in Peterborough, ON

Active 152d ago
Joined Feb 24, 2024
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