Equity Ratings

Art Excellent
Art  
Art  
Art  
Art  
Art Poor

This rating is based on the percentage difference between list value and my estimated value.

List Price
This is what you will find listed publicly. It is not necessarily what the property will sell for.
 
Bank Owned
As of 7/1/17, less than 5% of the inventory is bank owned. 
Non-Bank Owned
These are being sold at about 5% ABOVE list. My investors that pursue these typically make 2 offers a week to cose 1 deal in a month. Tip: Pay cash and close in 15 days to squeeze another 5% out of the property.

Income Ratings

Art Excellent
Art  
Art  
Art  
Art  
Art Poor

This rating is based on the income potential and list price.

Rent Cash Flow
Here are the factors used to calculate rent cash flow.
 
Rental Income
I have 20 years of property mangement experience and "move" about 4 properties a week. Properties that have not been surveyed are probably off by about $100 as the condition of the property can't be done by desktop.
Mortgage Cost
There are so many factors that are involved here that I use a rule of thumb of $800 per $100k of home. My investors are usually happy that I inflated this value a little bit.
HOA Fees
This is the dollar amount listed publicly. It's rarely innacurate.
Taxes
This is the dollar amount listed publicly. It's rarely innacurate.
  Here are factors not used in estimating cash flow.
 
Management Expenses
I deliberately left this out because some folks like to manage their own stuff. Generally speaking companies charge about 8% of gross income + 10% of managing repairs. I charge 10% income + 10% of managing repairs because I can and just don't care if you use someone else.
Vacancy
Some investors make a mistake of holding out for high rents. My philosophy is get someone in there tomorrow who is qualified. I will give you my recommendations but its up to you to decide what a property is posted at.
Repairs & Maintenance
There is no way to effectively estimate this until a property is formally inspected by a licensed inspector.
Lease/Option Cash Flow
First of all you need to understand that lease/options may not be your cup of tea. You have to have guts and know that you could potentially lose money in a lease/option. If you really want to know more about lease/options, please go here: FAQs about lease/options. Investors who do not read that page often lose 2-8 mortgage payments!
 
Rental Income + Option Premiums
All my properties are lease/optioned. Generally, I get a $300 to $800 premium over rent with a lease/option. I network with all the lease/option specialists in Las Vegas and we move 4-8 properties a week during the summer.
Mortgage Cost
There are so many factors that are involved here that I use a rule of thumb of $800 per $100k of home.
HOA Fees
This is the dollar amount listed publicly. It's rarely innacurate.
Taxes
This is the dollar amount listed publicly. It's rarely innacurate.
  Here are factors not used in estimating cash flow.
 
Management Expenses
In a lease/option, money goes directly to you or to an escrow account. There are no management expenses unless you really want me to charge you 10% to hold your money. Investors who use me to lease/option their property get free eviction services.
Vacancy
Some investors make a mistake of holding out for high rents. Be reasonable and you will make money faster.
Repairs & Maintenance
Buyer/tenants pay the first $500 in repairs. Generally speaking, this cost is nearly zero for new properties.

Desire Ratings

Art Excellent
Art  
Art  
Art  
Art  
Art Poor
This is the most controversial of my ratings. This rating is based on ownership pride in the neighborhood. Also, properties that are on a busy street have a negative impact on desire of the home.

Condition Ratings

Art Excellent
Art  
Art  
Art  
Art  
Art Poor
Generally, a property in A condition means less than $1000 in rehab costs. A property in F condition needs more than $20k in repairs.

Square Footage Ratings

Art Excellent
Art  
Art  
Art  
Art  
Art Poor
This is the only rating that isn't an opinion.