Question: Assuming an investor purchases a property for 1.2…
Assuming an investor purchases a property for 1.2 million and the gross scheduled income is $171,429, calculate:
- Gross Rent Multiplier (GRM)
- If the investor were planning to make improvements in the amount of $500,000, which should result in an increase in gross scheduled income in the amount of $168,570, what would the new GRM be?
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