Get Real (Estate) with Gavin & Josh

Gavin Townsend & Josh Morgan

We are two real estate salespeople in the Western New York market that enjoy all things real estate. We'll be discussing the real side of real estate and educating buyers and sellers alike to what goes into selling and buying those homes. We'll also be talking to others as well to get their takes on the current state and issues in the market. Join us on our journey of teaching and learning! read less
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Episodes

Alphabet Soup
Sep 1 2023
Alphabet Soup
Today, Gavin and Josh are doing a high level review of the alphabet soup or more ABC's of real estate. These are terms and acronyms you may hear in a real estate transaction. They don't want you to be intimidated when you hear people using these. Rather Gavin & Josh want you to be informed and empowered! Listed below are the abbreviations and what they stand for. Tune in to find out more!Property Condition Disclosure Statement (PCDS)Lead Based Paint Disclosure (LBPD)Earnest Money Deposit (EMD)Property Inspection Notice and Addendum (PINA)For Sale By Owner (FSBO)For Rent By Owner (FRBO)Comparative Market Analysis (CMA)Comercial Real Estate (CRE)Homeowner's Association (HOA)U.S. Department of Housing & Urban Development (HUD)Multiple Listing Service (MLS)Single Family Home (SFH)Multi-Family Home (MFH)Net Operating Income (NOI)Gross operating income − operating expenses = NOIReturn On Investment (ROI)ROI= (Net Return on Investment / Cost of Investment) x 100Cash On Cash Return (CoC)Cash-on-Cash Return = Annual Before-Tax Cash Flow ÷ Total Cash investedCapital Expenditure (CapEx)The cost to acquire, maintain, or improve a piece of property. This can be used in determining if a project is worth the undertaking. CapEx=ΔPP&E+Current DepreciationFree Cash Flow (FCF)Fair Market Value (FMV)Gross Rent Multiplier (GRM)Gross Rent Multiplier = Fair Market Value ∕ Gross Rental IncomeInternal Rate of Return (IRR)The internal rate of return (IRR) is a metric used in financial analysis to estimate the profitability of potential investments. IRR is a discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis.Line of Credit (LOC)Home Equity Line of Credit (HELOC)Real Estate Investment Trust (REIT)Be sure to leave a review and share this episode with your friends!Email Us!!GetRealEstatePodcast@gmail.comFind us on Social:Instagram: @GetRealEstatePodcastFacebook: @GetRealEstatePodcastGavin:Instagram: @GavinWNYRealEstateFacebook: @GavinWNYRealEstateJosh:Instagram: @JoshuaMorganRealEstateFacebook: @JoshuaMorganRealEstate