I understand the my grade on this quiz will give the teacher a good idea of my working knowledge of how the class will proceed. I also understand that if I do not make at least 80% that will be an indicator that I did not put enough time into this orientation. And finally I understand that not doing well on orientation questions will not be an excuse for ‘not knowing’ later on during the term.
Read DetailsExam Rules: Exams are strictly individual work effort. Use only commands and functions introduced in the lectures. Anything else will receive zero score. You may access the Lecture PowerPoints and past assignments for reference. You may NOT use books, notes, or any online search engine. You must remain in front of your computer for the duration of the exam. NO BATHROOM BREAKS. Cell phones, tablets, laptops, smart watches, and any other electronic devices are NOT PERMITTED. Make sure to show your entire work area during the room scan.
Read DetailsYou are looking to purchase a small strip mall that has 14 units. You expect that it will generate 120,000 in gross rental income each year, but also expect that you will have to pay 25% of that in expenses, and an additional 10% in vacancy losses. Based on a market study, you think that there is a lack of supply in the market, and project a growth of 6% in NOI over your 3 year investment horizon. The going-in cap rate on this type of property is currently 8%. Finally, because there is a shortage of supply, you expect the property will appreciate by 10% per year over the next three years when you expect to sell it.
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