IT'S GAMEDAY!!!! $200 is on the line. The highest score in the fastest time wins. The competition ends at 5pm ET.

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* 1. Full First and Last Name:

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* 2. Email:

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* 3. What is your Project Destined city or partner organization?

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* 4. Payment Info:

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* 5. Laila acquires a building for $251,000. She completes renovation of $628,000 and sells the building for for $825,000.

Based on the 2-4-10 Model, is the deal profitable?

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* 6. Atiba acquired a income-producing building two years ago. The building had 5 units when he initially purchased it. It now has 15 units with future plans to build a basketball court and pool.

What type of acquisition is described above?

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* 7. Please calculate total revenue based on the following:

Net Rent: $1,000
Laundry Fees: $200
Parking Fees: $100
Real estate taxes: $100

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* 8. Please calculate cap rate based on the following:

Purchase Price: $730,000
NOI: $51,100
Loan Principal: $400,000

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* 9. Please calculate net operating income (NOI) based on the following:

Total Revenue: $5,000
Total Expenses: $3,500
Cap Rate: 10%
Total Debt: $1,000

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* 10. A broker advises us that a building cost $600,000. It has 3,200 total square feet and an annual NOI of $10,000.

What is the cost per square foot (PSF) of the building?

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* 11. Kam is evaluating the purchase of a 3,000 square foot, 4-unit apartment building in the Bronx. A broker just advised him that a nearby building was sold for $700 per square foot, implying a 5% cap rate. The building's annual NOI is $21,000.

Using the Sales Comp Approach, what is the estimated value of the building?

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* 12. Sydni is evaluating the purchase of a 4-unit apartment building near Crenshaw High School, with an estimated NOI of $30,000. A broker just advised her that buildings in the area sell for 5% cap rates. Syndi would like to submit an offer for the Crenshaw building based on the cap rate provided by the broker.

Using the Income Approach, what is Sydni’s offer price?

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* 13. If you own a 12 unit building and 2 units are vacant, what is the vacancy rate?

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* 14. Which of the following options refers to debt?

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* 15. You are acquiring a building for $180,000 near View Park Preparatory High School using ALL EQUITY. You invest $45,000 and your investor contributes $135,000.

If you assume the equity is split based on your respective contributions, what percentage of the building do you own?

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* 16. If you borrow $200,000 of Principal from a bank and the annual interest rate is 6%, what is your annual interest payment?

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* 17. Laila buys a property for $20,000. She then invests another $40,000 on improvements to the property. Two years later Laila sells the property for $100,000.

What is Laila’s profit?

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* 18. An investor is comparing cap rates in two different markets.

Market A is a major city that has great infrastructure, access to major transportation, and has a bustling night life.

Market B is an up and coming area that needs some infrastructure improvements, has little transportation access, and only a few restaurants in the area.

Which Market is more likely to have a higher cap rate?

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* 19. Which player in Real Estate is responsible for the day to day operations (e.g. collecting rent, paying building expenses, leasing) of the building after it has been built?

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