Assuming an investor purchases a property for 1.2 million

jagguarpaw January 13, 2017 0 Comments

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:

  1. Gross Rent Multiplier (GRM)
  2. 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?