[Bill St Clair]

Bill St Clair

Congratulations Jackie!!! You are a breath of fresh air—-THE BEST.

[Bill St Clair]

Bill St Clair

Thanks Jackie
I was looking at a purchase contract with contingencies, you have sent me in the right direction.

Bill St.Clair

[Bill St Clair]

Bill St Clair

Jackie,
As you know I am having a highest bidder sale this weekend 11/3-11/4 to sell one of my properties, and I plan to follow with 2 more highest bidder sales of 2 more of my properties. I think that I mentioned to you in Tampa, that the Lady that is doing the signs for these sales has ask us to sell her property that has been on the market for a while. I will be meeting with them on Monday morning. My question is this–I know that I need to get an option/contract to get this done,can you give me some guidance on this? I would like to have my ducks in a row before monday.

Bill St.Clair

PS: I am still in a daze after the Jack Miller seminar in Tampa. Slowly going back through the manual to better grasp all that I heard!

[Bill St Clair]

Bill St Clair

W0W!!!
The Center For Real Estate Wealth is THE site to go to for the best information I have seen on subjects that really help me in my real estate investment business. I have posted questions on the forum and received immediate reply. (A new experience)
This site is for real and I appreaciate the work that has gone into it. Quality information that can be used to improve my business.

THANKS,

Bill St Clair
Florida

[Bill St Clair]

Bill St Clair

Jackie

I found this answer on yahoo.

determine the net operating income, or the net rentals realized by the owners.
Example: The rental income after expenses (net) is $24,000

Divide the net operating income by the sale price to get cap rate.
Example: $24,000 / $300,000 = .08 or 8% (The Capitalization Rate)

Bill St.Clair