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# Tutor profile: Adam S.

Inactive
Adam S.
Real Estate Professional (Commercial/Residential) - 12 Years Experience!
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## Questions

### Subject:Real Estate

TutorMe
Question:

A commercial property currently produces \$1,000,000 in Net Operating Income and presently needs \$200,000 worth of capital improvements. As the owner, your due diligence is telling you that similar properties are selling at capitalization rates of 6.25%. If total selling costs are 2.0%, what can you reasonably assume your net proceeds to be?

Inactive
Adam S.
Answer:

The direct cap method would value the center at \$16,000,000 (\$1,000,000 / .0625). If the buyer is to incur the cost to repair the property to a reasonable standard, the owner should further discount the pricing by \$200,000 resulting in a sale price of \$15,800,000. Since the cost of sale at 2.0% for broker/legal fees is at the burden of the owner, \$316,000 should be further deduced (\$15,800,000 x .02) leaving net proceeds to the owner of \$15,484,000

### Subject:Microsoft Excel

TutorMe
Question:

What would be the correct formula to determine a monthly mortgage payment (reflected as a positive value) based on a loan of \$100,000 with 4.0% annual interest and amortized over 30 years?

Inactive
Adam S.
Answer:

=-PMT(.04/12,30*12,100000,0)

### Subject:Personal Finance

TutorMe
Question:

If your gross salary is \$100,000 and you have personal expenses of \$4,000 per month with a savings goal of \$10,000 per year, how much free cash do you have between bi-weekly pay-periods based on 26 pay periods per year?

Inactive
Adam S.
Answer:

This is a bit tricky question! The first hurdle is to understand your bi-weekly 'net' pay based withholdings for taxes, insurance, and any employer-sponsored retirement plans. If your net pay after these withholdings is approximately \$2,423 (filing single) per pay period, then we know your annualized net take-home pay is \$63,000. If monthly expenses are \$4,000 (\$48,000 annually), with a savings goal of \$10,000 (or \$385 per pay period), this leaves a balance of \$5,000 free cash per year. Dividing \$5,000 by 26 (number of pay periods per year) leaves approximately \$192.31 of free spending money between pay periods while meeting both monthly expense obligations and your savings goal of \$10,000/year!

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