I can tell, your in-person class instruction is very well executed. I learned more about GRM than other videos. You explain the Why's not just how to obtain an answer. Thank you,
I'm getting ready to take my RE course final exam and studying for my national exam. I really appreciate your videos and the real life examples that you use. I tend to listen to your videos when I'm in the car or taking walks, to supplement my coursework. Thanks so much for making these!
Hi Angela... I appreciate you leaving us a comment. I am glad the videos are helping with your studies! Keep studying and best of luck on the exam. Let us know how you do! :o)
Good stuff, truly appreciate you. I've read the book 2xs already but your videos really help to lock in and understand the info. Testing at the end of the month really nervous anxious scared yet excited at the same time. Seriously tho thanks God Bless you.
Hi Felix... I am so glad the videos are helpful. I also appreciate you leaving a comment. If you would, please share this channel with anyone you know that is studying for their exam.... :o) Best of luck on the exam... you will crush it!
I've truly enjoyed watching most of your videos.... I've taken my test once already(PSI -failed) and it seemed like it was in a completely different language to me. The wording was so different that I felt like I missed stuff in my curriculum. My point is you are constantly referring to what else something could be called. You try to cover different wording in your teaching. I feel this is HUGE and I greatly appreciate. I will continue to watch ALL of your videos and I will be retaking my test on July 21.
Thank you, I appreciate you taking the time to leave us a comment. GREATLY appreciated! Best of luck on the exam. Check back and let me know how you do....
@@TheRealEstateClassroom wow!! Thank u so much❤️. I've been watching all your videos lately. All are inspiring, amazing and most importantly I'm learning. Thank u for sharing your expertise Paul👍😊
Hi Jessalyn... I will be. This Channel is only about 60% completed. I started it in March. You will start seeing more math related videos. I will be doing the exam question of Facebook since that is a beeter portal for that type of exercise...
@@TheRealEstateClassroom Thank you Paul. I will check it out Facebook. Thank you again for taking the time and teaching us! I'm located in Miami and this sure helps! :)
GRM is based on monthly income and gross income, gross income per month times GRM , we get GRM we get from comparable. Eg 500 USD per month, GRM:- find 3 comparable dived by the gross monthly rent. Civilization used groos
I have gone through your videos but I can't see your lecture on "residual method " you've lectured us on all the other valuation methods( income method, sales comparison method, cost method). Your explanations are simple and easy to understand. Please tackle the "Residual Method" for us 🙏 🙏
@@TheRealEstateClassroom please I'm a Ghanaian, we don't do AMP and PSI. I have a professional exams to write. Please do a video on Residual method for me. I need to pass this exams😭😭 thanks in advance 🙏
So pretty much: Step 1 is separating the subject property numbers from the comparable property numbers Step 2 is get(÷) GRM from comp prop Step 3 use(×) GRM on Subject prop
Great Teaching! Is it possible that the Since the comp was a duplex, the subject property was also a duplex meaning the the Gross income would have been $1800 because the question didnt specify that the $900 was the Gross rents? Love your videos.
"Narrative reporting” or form report narrative uses non-financial information such as a company's annual report or K-1 to provide a broader picture of the company's business. This may or may not include actual numbers
I finally understand it grm n gim but is it possible to just keep it short instead of doing the comp 1, 2, and 3? Because if u divide $225k by $1,500 ull get 150 n its shorter to get the answer n move on to next question
Yes and no... if the question provides that only rents collected as the only income for calculating the exam, then yes. If the questions provides other income sources then you must include the rent plus the other income the property produces... Gross income is all the income the property produces including rents, laundry services, late fees, etc. BUT the test question will provide you with all the information you need.
Related Video: "Capitalization Method (Cap Rate)" - ua-cam.com/video/ilEkOFoEwEg/v-deo.html
My test is in a week. I hope to pass it then. After watching so many videos of yours I feel more ready. Thanks for your teaching
Natasha, you will do AWESOME! Keep studying....
I can tell, your in-person class instruction is very well executed. I learned more about GRM than other videos. You explain the Why's not just how to obtain an answer. Thank you,
Hi Teresa... Thank you for taking the time to leave a comment. I really appreciate your feedback. Keep studying you're almost there! 😁
Thank you for doing these videos!!! Distance learning is tough and these help so much.
Hi Salena... that's the goal :o) Glad to hear they are helping. Keep on studying you're almost there!!!!
I'm getting ready to take my RE course final exam and studying for my national exam. I really appreciate your videos and the real life examples that you use. I tend to listen to your videos when I'm in the car or taking walks, to supplement my coursework. Thanks so much for making these!
Hi Angela... I appreciate you leaving us a comment. I am glad the videos are helping with your studies! Keep studying and best of luck on the exam. Let us know how you do! :o)
I just love your videos. The more I watch it the more that I am understanding. Thank you soooo much!
Thank you, Rose! I really do appreciate your comments! :o)
Good stuff, truly appreciate you. I've read the book 2xs already but your videos really help to lock in and understand the info. Testing at the end of the month really nervous anxious scared yet excited at the same time. Seriously tho thanks God Bless you.
Hi Felix... I am so glad the videos are helpful. I also appreciate you leaving a comment. If you would, please share this channel with anyone you know that is studying for their exam.... :o) Best of luck on the exam... you will crush it!
Love love helps so much to understand clearly...Makes learning painless and joyful thank you...
You're welcome! Keep on studying!
Thanks for these extremely helpful videos. Way better than reading the books.
Hi Sean... glad they are helpful. Best of luck!
Great stuff and very appreciated! I test on this Thursday!
How did you do?
2023 and I thank you so much....great videos
Thank you!
if only everyone can easily explain this the wayyouo ithout overwhelming the students. thank u
You're welcome!
Your videos have been so helpful !!
I'm so glad! Thank for leaving a comment!
You are the best 👌 👍 😍
Thank you!
I've truly enjoyed watching most of your videos.... I've taken my test once already(PSI -failed) and it seemed like it was in a completely different language to me. The wording was so different that I felt like I missed stuff in my curriculum. My point is you are constantly referring to what else something could be called. You try to cover different wording in your teaching. I feel this is HUGE and I greatly appreciate. I will continue to watch ALL of your videos and I will be retaking my test on July 21.
Thank you, I appreciate you taking the time to leave us a comment. GREATLY appreciated! Best of luck on the exam. Check back and let me know how you do....
@@TheRealEstateClassroom me as well I fail 2 times and Im studing now but I m feel boring because im afriead to fail third time
@reemokashlan3043 Don't be affraid... be a beast that studies like a mad man! 😁
Thank you SO MUCH!!! Wow I can’t believe I finally understood!!!
Glad it helped! You got this... keep studying! You're almost there! :o)
Thanks for your knowledge in this industry
You're welcome... thank you for leaving a comment
Wow thanks for this info. I will share this with my classmates.
Thank you... much appreciated
Real Estate World. I love to see your other videos and hope you will include the topic of schedule of market values soon. Thanks a lot
Hi Rosemarie... I will add it to the list of scheduled videos :o)
@@TheRealEstateClassroom wow!! Thank u so much❤️. I've been watching all your videos lately. All are inspiring, amazing and most importantly I'm learning. Thank u for sharing your expertise Paul👍😊
Thank you for your video topic breakdowns! They are so helpful! Can you do more math problems and exam questions?
Hi Jessalyn... I will be. This Channel is only about 60% completed. I started it in March. You will start seeing more math related videos. I will be doing the exam question of Facebook since that is a beeter portal for that type of exercise...
@@TheRealEstateClassroom Thank you Paul. I will check it out Facebook. Thank you again for taking the time and teaching us! I'm located in Miami and this sure helps! :)
Thank you 🙏
You're welcome
Thank you
You're welcome!
GRM is based on monthly income and gross income, gross income per month times GRM , we get GRM we get from comparable. Eg 500 USD per month, GRM:- find 3 comparable dived by the gross monthly rent.
Civilization used groos
Thank you
I have gone through your videos but I can't see your lecture on "residual method " you've lectured us on all the other valuation methods( income method, sales comparison method, cost method). Your explanations are simple and easy to understand. Please tackle the "Residual Method" for us 🙏 🙏
That's because this approach it will not be on the real estate exam. I have confirmed that with AMP and PSI testing services. 😁
@@TheRealEstateClassroom please I'm a Ghanaian, we don't do AMP and PSI. I have a professional exams to write. Please do a video on Residual method for me. I need to pass this exams😭😭 thanks in advance 🙏
I learned the GRM by dividing the price of the property by the yearly rent income and that gives you the GRM. Will either method work for the test?
love love love
Thank you
So pretty much:
Step 1 is separating the subject property numbers from the comparable property numbers
Step 2 is get(÷) GRM from comp prop
Step 3 use(×) GRM on Subject prop
Thank you for leaving a comment!
Great Teaching! Is it possible that the Since the comp was a duplex, the subject property was also a duplex meaning the the Gross income would have been $1800 because the question didnt specify that the $900 was the Gross rents?
Love your videos.
what is the difference between a form report narrative when to use them thanks
"Narrative reporting” or form report narrative uses non-financial information such as a company's annual report or K-1 to provide a broader picture of the company's business. This may or may not include actual numbers
Can I pass the test just by watching your videos?
For the most part yes. The National side anyway.
the comparables are given ?
I finally understand it grm n gim but is it possible to just keep it short instead of doing the comp 1, 2, and 3? Because if u divide $225k by $1,500 ull get 150 n its shorter to get the answer n move on to next question
Always follow the process :o)
how do i know what comparable to use
For the exam... they will provide all the info you will need in the test question... I real life... you will get that traing from your broker 😁
Need to learn how to calculate economic life
❤❤❤
;o)
@therealestateclassroom my question is if the comparable property sold for $225k why the subject is $135 k according to the formula ?
Because they charge different amounts of rent
is Gross Monthly income the same at Gross monthly Rent? They sound the same but the explanation sounds different
Yes and no... if the question provides that only rents collected as the only income for calculating the exam, then yes. If the questions provides other income sources then you must include the rent plus the other income the property produces... Gross income is all the income the property produces including rents, laundry services, late fees, etc. BUT the test question will provide you with all the information you need.
🙏🏻🙏🏻🙏🏻