________________ is to bring differences in properties closer in value

Adjustments

Correct Incorrect Correct answer

Depreciation

Correct Incorrect Correct answer

Cost Per Square Foot

Correct Incorrect Correct answer

Average Cost Estimate

Correct Incorrect Correct answer

A house rents for 1000 a month and the purchase price is $125,000 what is the GRM?

125

Correct Incorrect Correct answer

0.008

Correct Incorrect Correct answer

10.41

Correct Incorrect Correct answer

.096

Correct Incorrect Correct answer

Cost of Land + Cost of Construction – Depreciation = ______________

Appraisal

Correct Incorrect Correct answer

Cost Approach

Correct Incorrect Correct answer

Value of Property

Correct Incorrect Correct answer

Purchase Price

Correct Incorrect Correct answer

This collection of data will tell you where market is going with Single Family Homes (SFH)

US Census Bureau

Correct Incorrect Correct answer

US Bureau of Economic Analysis

Correct Incorrect Correct answer

Urban Land Institute

Correct Incorrect Correct answer

Case Schiler Index

Correct Incorrect Correct answer

An investor can not and should not spend more on a property than it would cost to build an equivalent property. Which approach is this?

Appraisal Approach

Correct Incorrect Correct answer

Cost Approach

Correct Incorrect Correct answer

Comparable Approach

Correct Incorrect Correct answer

Income Approach

Correct Incorrect Correct answer

What are the 3 stages of analysis?

Acquisition

Correct Incorrect Correct answer

Work

Correct Incorrect Correct answer

Finance

Correct Incorrect Correct answer

Sell

Correct Incorrect Correct answer

Put the Investment process in order from beginning to end

Correct Correct Answer Incorrect

View Answers:

Find out the price of homes that are similar to your property in which of the following (select more than one)

Age

Correct Incorrect Correct answer

Square Footage

Correct Incorrect Correct answer

Lot Size

Correct Incorrect Correct answer

Room Layouts and Structure

Correct Incorrect Correct answer

Date of Sale and Listing

Correct Incorrect Correct answer

Number of Rooms

Correct Incorrect Correct answer

Number of Beds and Baths

Correct Incorrect Correct answer

Proximity to property

Correct Incorrect Correct answer

Select all of the cash flows “In’s”

Purchases

Correct Incorrect Correct answer

Rent

Correct Incorrect Correct answer

Parking

Correct Incorrect Correct answer

Rehab

Correct Incorrect Correct answer

Vacancy

Correct Incorrect Correct answer

Utilities

Correct Incorrect Correct answer

Profit from sale

Correct Incorrect Correct answer

Select all of the cash flows “Out’s”

Purchases

Correct Incorrect Correct answer

Rent

Correct Incorrect Correct answer

Parking

Correct Incorrect Correct answer

Rehab

Correct Incorrect Correct answer

Vacancy

Correct Incorrect Correct answer

Utilities

Correct Incorrect Correct answer

Profit from sale

Correct Incorrect Correct answer

Total Vacant Units + New Vacant Units – Units Removed By Supply (demo or converted) =

Absorbed Rate

Correct Incorrect Correct answer

Vacancy Rates

Correct Incorrect Correct answer

Supply and Demand

Correct Incorrect Correct answer

Competitive Analysis

Correct Incorrect Correct answer

Two Investments That Make The Same Profit Are Equal

True

Correct Incorrect Correct answer

False

Correct Incorrect Correct answer

What would it cost to build the same house, with the same amenities, with the same material on the same land? This is considered what?

Replacement Method

Correct Incorrect Correct answer

Cost Method

Correct Incorrect Correct answer

Comparable Method

Correct Incorrect Correct answer

Cash Value Method

Correct Incorrect Correct answer

Julie purchased a home at the tax lien auction for $4,000. She paid $1,000 total for legal fees and $18,000 for rehab. She collects $975 a month rent and pays $1800 a year in taxes and $1,400 a year for insurance. Julie spends about $600 a year in maintenance. According to the instructions, what is Julie’s purchase price?

$22,000

Correct Incorrect Correct answer

$23,000

Correct Incorrect Correct answer

18,000

Correct Incorrect Correct answer

$19,000

Correct Incorrect Correct answer

None of the Above

Correct Incorrect Correct answer

Dan purchased a home for $250,000 and put 10% down. His mortgage is $1,100 a month while taxes are $150 and insurance is $100 a month. Dan has decided to rehab the property for $25,000. Dan has rented the house for 5 years for $2,000 a month. Dan would like to know what is the lowest amount he can set his rent to and obtain 10% cap rate.

$2,250

Correct Incorrect Correct answer

$3,300

Correct Incorrect Correct answer

$2,430

Correct Incorrect Correct answer

$2,582

Correct Incorrect Correct answer

None of the Above

Correct Incorrect Correct answer

Dan purchased a home for $250,000 and put 10% down. His mortgage is $1,100 a month while taxes are $150 and insurance is $100 a month. Dan has decided to rehab the property for $25,000. Dan has rented the house for 5 years for $2,000 a month. Dan would like to know if he sold his property for $315,000 what would his ROI be?

137%

Correct Incorrect Correct answer

258%

Correct Incorrect Correct answer

143%

Correct Incorrect Correct answer

176%

Correct Incorrect Correct answer

None of the Above

Correct Incorrect Correct answer

Julie purchased a home at the tax lien auction for $4,000. She paid $1,000 total for legal fees and $18,000 for rehab. She collects $975 a month rent and pays $1800 a year in taxes and $1,400 a year for insurance. Julie spends about $600 a year in maintenance. Julie has rented this house for 3 years and thinking about increasing rent. Julie would like to know what is her current cap rate?

34%

Correct Incorrect Correct answer

22%

Correct Incorrect Correct answer

12%

Correct Incorrect Correct answer

31%

Correct Incorrect Correct answer

None of the Above

Correct Incorrect Correct answer

Julie purchased a home at the tax lien auction for $4,000. She paid $1,000 total for legal fees and $18,000 for rehab. She collects $975 a month rent and pays $1800 a year in taxes and $1,400 a year for insurance. Julie spends about $600 a year in maintenance. Julie has rented this house for 3 years and thinking about increasing rent. If Julie rents out the garage to the current tenant for $150 a month what will be her ROI?

122%

Correct Incorrect Correct answer

221%

Correct Incorrect Correct answer

138%

Correct Incorrect Correct answer

155%

Correct Incorrect Correct answer

None of the Above

Correct Incorrect Correct answer

Dan purchased a home for $250,000 and put 10% down. His mortgage is $1,100 a month while taxes are $150 and insurance is $100 a month. Dan has decided to rehab the property for $25,000. Dan has rented the house for 5 years for $2,000 a month. Dan would like to know if he sold his home for $300,000 what would his cash multiple equal?

6.60%

Correct Incorrect Correct answer

2.20%

Correct Incorrect Correct answer

8.67%

Correct Incorrect Correct answer

7.40%

Correct Incorrect Correct answer

None of the Above

Correct Incorrect Correct answer

Black School of Wealth

Correct Incorrect Correct answer

Financial Peace University

Correct Incorrect Correct answer

Robert Kiyosaki

Correct Incorrect Correct answer

Financial Freedom University

Correct Incorrect Correct answer

None of the Above

Correct Incorrect Correct answer

How to Analyze Any Deal Final Assessment

Quiz Summary

Information

Results

Results

Categories

1. Question

2. Question

3. Question

4. Question

5. Question

6. Question

7. Question

8. Question

9. Question

10. Question

11. Question

12. Question

13. Question

14. Question

15. Question

16. Question

17. Question

18. Question

19. Question

20. Question

Average score
Your score