Comments on: A Quick Method of Evaluating Real Estate Investments (with no translation into Canadian) http://www.twowiseacres.com/buying-selling/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/ In Pursuit of the American Dream Wed, 08 Sep 2010 00:01:57 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: The 123rd Carnival of Personal Finance (The Boo! editinon) | The Dough Roller http://www.twowiseacres.com/buying-selling/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/comment-page-1/#comment-85 The 123rd Carnival of Personal Finance (The Boo! editinon) | The Dough Roller Sat, 10 Nov 2007 15:25:25 +0000 http://www.twowiseacres.com/2007/10/15/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/#comment-85 [...] A Quick Method of Evaluating Real Estate Investments (with no translation into Canadian) (@ Two Wise Acres): “A quick way of evaluating real estate investments, although it may (or may not) work in Canada.” [...] [...] A Quick Method of Evaluating Real Estate Investments (with no translation into Canadian) (@ Two Wise Acres): “A quick way of evaluating real estate investments, although it may (or may not) work in Canada.” [...]

]]> By: Mike-TWA http://www.twowiseacres.com/buying-selling/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/comment-page-1/#comment-57 Mike-TWA Sun, 21 Oct 2007 13:39:28 +0000 http://www.twowiseacres.com/2007/10/15/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/#comment-57 Donuts and beer. Well, it's all making sense now. So, we in the U.S. can blame the whole obesity epidemic on NAFTA then. I've been enjoying the Four Pillars posts. Hopefully, we'll still get to see the occasional post on your northern real estate ventures. Donuts and beer. Well, it’s all making sense now. So, we in the U.S. can blame the whole obesity epidemic on NAFTA then.

I’ve been enjoying the Four Pillars posts. Hopefully, we’ll still get to see the occasional post on your northern real estate ventures.

]]> By: Mr. Cheap http://www.twowiseacres.com/buying-selling/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/comment-page-1/#comment-56 Mr. Cheap Sun, 21 Oct 2007 13:25:09 +0000 http://www.twowiseacres.com/2007/10/15/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/#comment-56 Great post! You're right that GRM is a first-pass technique (perhaps I should have stressed that more so someone doesn't run out and buy a property just because it has a good GRM). Our currency is actually donuts (for lower denominations) and beer. Thanks for the mention and link! Great post! You’re right that GRM is a first-pass technique (perhaps I should have stressed that more so someone doesn’t run out and buy a property just because it has a good GRM).

Our currency is actually donuts (for lower denominations) and beer.

Thanks for the mention and link!

]]> By: Quest For Carnivals http://www.twowiseacres.com/buying-selling/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/comment-page-1/#comment-53 Quest For Carnivals Sat, 20 Oct 2007 09:02:33 +0000 http://www.twowiseacres.com/2007/10/15/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/#comment-53 [...] Income vs. Property Value made the grade at TwoWiseAcres - a rather funny real estate blog. They also posted this article which shows what can happen when [...] [...] Income vs. Property Value made the grade at TwoWiseAcres – a rather funny real estate blog. They also posted this article which shows what can happen when [...]

]]> By: Mike-TWA http://www.twowiseacres.com/buying-selling/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/comment-page-1/#comment-43 Mike-TWA Tue, 16 Oct 2007 05:42:57 +0000 http://www.twowiseacres.com/2007/10/15/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/#comment-43 Ah, prime minister. Given the lack of an emmy or similar Hollywood accessory, we were guessing someone in the political arena, although Rob's guess was some member of the Canadian royal family. As to Mr. Cheap's calculation including renovation or rehab costs, I agree that would provide a better comparison of properties, although I have seen GRM defined most often with respect to purchase price. In his article, I believe he was using a list price for purposes of illustration. I believe Mr. Cheap pointed out that a GRM-type evaluation is at best a "first pass" type of evaluation. I also agree with that. We find GRM useful in narrowing a list of many properties to a somewhat smaller group to inspect. Given that we are looking currently interested in only single-family homes built within the last 10-15 years, we can very roughly estimate a budget range for rehabs. We then factor this rough rehab estimate in doing a quick GRM to narrow the list. I debated on whether to get into rehab costs for the properties in this first post, but decided, for purposes of brevity to address this in a subsequent post on our cap. rate calculations. Thanks for stopping in and for allowing us to have a little fun with the homeland! Ah, prime minister. Given the lack of an emmy or similar Hollywood accessory, we were guessing someone in the political arena, although Rob’s guess was some member of the Canadian royal family.

As to Mr. Cheap’s calculation including renovation or rehab costs, I agree that would provide a better comparison of properties, although I have seen GRM defined most often with respect to purchase price. In his article, I believe he was using a list price for purposes of illustration.

I believe Mr. Cheap pointed out that a GRM-type evaluation is at best a “first pass” type of evaluation. I also agree with that. We find GRM useful in narrowing a list of many properties to a somewhat smaller group to inspect. Given that we are looking currently interested in only single-family homes built within the last 10-15 years, we can very roughly estimate a budget range for rehabs. We then factor this rough rehab estimate in doing a quick GRM to narrow the list. I debated on whether to get into rehab costs for the properties in this first post, but decided, for purposes of brevity to address this in a subsequent post on our cap. rate calculations.

Thanks for stopping in and for allowing us to have a little fun with the homeland!

]]> By: FourPillars http://www.twowiseacres.com/buying-selling/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/comment-page-1/#comment-42 FourPillars Mon, 15 Oct 2007 23:17:52 +0000 http://www.twowiseacres.com/2007/10/15/a-quick-method-of-evaluating-real-estate-investments-with-no-translation-into-canadian/#comment-42 Hey guys, great post eh?? The guy on the right is Stephen Harper who is our prime minister (ie the president). Just a note - Mr. Cheap added his reno costs onto his purchase price for the GRM which as you point out is not that accurate if you just use the real purchase price. Mike Hey guys, great post eh??

The guy on the right is Stephen Harper who is our prime minister (ie the president).

Just a note – Mr. Cheap added his reno costs onto his purchase price for the GRM which as you point out is not that accurate if you just use the real purchase price.

Mike

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