In this article I want to acquaint you with the importance of having a good understanding of real estate investing terms, formulas and calculations. Then I want to introduce you to a real estate calculator that can help you.
Real estate agents routinely make the mistake of equating success with panache and style. Yes, meeting with a potential customer in a Mercedes and Armani has its perks. But the customer’s first impression of the agent’s grand entrance will quickly fade if that real estate agent is unable to present something of substance to the customer.
This is particularly true with agents who are trying to engage with real estate investors.
If the agent has no understanding of real estate investing – without the slightest idea of its nuances or calculations – chances are good that the real estate investor will look for another agent. After all, real estate investing is a business that involves investment and risk, and when an agent is unable to discern between the most basic elements like a cap rate or cash-on-cash return, the investor will walk.
So don’t underestimate the power of knowledge – especially when it concerns real estate investment property.
You don’t have to become a real estate investing expert, just learn some of the basics so you can converse with a real estate investor without looking like a deer staring into the headlights of a car when terms like cap rate or gross rent multiplier are brought up and calculations discussed.
Here’s how to get started.
Get acquainted with the real estate investing terms and learn the formulas – at least the most common ones like cap rate, gross rent multiplier, cash on cash return.
Its not difficult. In fact, its both easy and affordable with a real estate calculator called iCalculator specifically developed just for that purpose. Yes, its a shameless plug for a real estate calculator solution I developed, but I promise you that this unique online calculator will help you.
So You Know
iCalculator is web based so there’s nothing to download and you get 24/7 mobile online access. You SAVE 64% and make a one-time payment of just $24.95. Plus, you get a 5-day full money back guarantee. So if you decide it’s not for you, just let us know and we’ll refund your money in full. Get started here >> Learn more and get the real estate calculator discount