The 10 Most Common Real Estate Math Formulas You Need to Know | Just Call Maggie

[@JustCallMaggie]

Check out how the T-Method works here: kzbin.info/www/bejne/q4q5p2qqaNiYZ7s

[@Janiyacharles]

@@JustCallMaggie I PASSED 12/05 ! That’s for all your amazing videos 🙏

[@JustCallMaggie]

@@Janiyacharles Awesome!!! Congratulations!!! Good luck to you on your next chapter. You're gonna do great!!!

[@1BodyMedia]

Praise to God! I passed my New York Real Estate Exam on the first try! These videos helped me a lot! Thanks so much! For everyone studying, you can do it keep going and never quit! God bless you.

[@JustCallMaggie]

Congratulations!!! Glad to hear. Thank you for spreading positivity 🤓🫶

[@ThomanikaThomas]

@@JustCallMaggie OMG this is awesome. I second motion im in school and i have learned more from you in 5 minutes thank god for creating you maggie ! i pray GOD bless you with abundance and peace .

[@JustCallMaggie]

@@ThomanikaThomas this is so sweet. Thank you very much for your kind words. Best of luck to you!!

[@toya9774]

CONGRATULATIONS!!!!

[@JustCallMaggie]

@@toya9774 you rock! Thanks for spreading positivity 🤓🫶

[@erikatatis2833]

Thank you for all your help. I finally passed my Florida real estate exam

[@JustCallMaggie]

Congratulations!!! You must feel so relieved and excited!!! Have you found a broker yet? Thank you so much for your kind words!

[@almavlogschicago7323]

I passed my Chicago Real Estate Exam on the first try!!! Thank you so much I watched your videos literally 24/7 I was so nervous but I did it!!!!!! THANK YOU 😊

[@JustCallMaggie]

@@almavlogschicago7323 awesome!!! 👏 congratulations to you on passing on your first try. Welcome to the real estate world. 🫶

[@ChristianSpokenWordofGod]

I love how you brought all the math concepts that could be on exam, in one short video. Very good explanations.

[@JustCallMaggie]

@@ChristianSpokenWordofGod Thank you. I appreciate it. Best of luck to you.

[@Cocobandss]

aye I dont comment but this is for sure helping me i cant do nothing but smile at youuu girlll thankkk youuuuuu!!

[@JustCallMaggie]

@@Cocobandss aww. Thank you so much. I’m happy to hear this video is helping you. I wish you tons of luck and success.

[@yournotdatguypal]

This is so dope and easy to remember. I will write these down as soon as I get my next exam on the blank paper and will ace my exam.

[@JustCallMaggie]

That’s the way to go! 😎

[@GulistanZahir]

Me too cant wait

[@SilverGargoyle4239]

Thank you, you broke that down so simple.

[@JustCallMaggie]

Thank you. Glad to help 🤓🫶

[@HerschelRuiz-z5x]

thank you for your teaching, i was able to get my certification and real estate exam in the first try here in GA Math problems where easy

[@JustCallMaggie]

Awesome!!! Congratulations. I’m so glad to hear that.

[@sonyhuu5598]

i don't know math but this tutorial helps alot it doesn't mean i can't learn it. thank you for this tutorial.

[@JustCallMaggie]

You’re welcome and thank you for passing by. You got this!!

[@dalenabrandon5750]

Hey , Thank you for your help ! You make things easier! I am grateful for you , God bless you ! However I was never great with math so how can i determine the part from the total ?? I get confused with this . Can you let me know please in an easy to remember kind of way ?

[@JustCallMaggie]

Thank you so much for your comment. To determine the part vs total just see what you’re working with. If you’re given a down payment or loan amount and the sales price, then loan amount and down payment will be the part. It just all depends on what you’re looking for.

[@_Samantharachelle]

Thank you for breaking that down for me , this is the best video on this topic, that i have reviewed so far , GO MAGGIE !

[@JustCallMaggie]

Wow. Thank you. Best of luck to you 🤓🫶

[@heathercalhoun9209]

Maggie you make learning easyand fun love your upbeat personality. thankyou for what you do

[@JustCallMaggie]

Thank you. I appreciate that. Best of luck to you!

[@DanjoPeru]

Thank you for sharing this valuable content… you really helped me a lot to understand this part of the real estate business.

[@JustCallMaggie]

Thank you! Glad to help and glad to hear my teachings resonate with you. Best of luck to you! 🤓🫶

[@Ink_bylinet]

I just wanted to pass by here to thank you for your videos, I passed my FL RE test today on my first try and your videos helped me a lot ❤

[@JustCallMaggie]

@@Ink_bylinet awesome!!! Congratulations on passing your exam. I am so happy to hear that. We’re colleagues now!! 🤓🫶

[@juanmercado9154]

This is excellent,all the steps necessary to understand the formulas. Thank you😊.

[@JustCallMaggie]

Thank you. Glad you enjoyed it. Best of luck to you.

[@e.f.9326]

Hi! I’m hoping this is a simple question. Let’s say you have percentage lease agreement between the Owner of a commercial property and a Tennant(property manager) where the additional rent is a percentage based on gross revenue from operations on the premises. The Tennant subleases the space to third party retailers. Is the gross sales from the subtenants included in the basis of the calculation? In other words, would the Owner collect the additional percentage rent from the Tenant based on the Subtenants revenues?

[@JustCallMaggie]

@@e.f.9326 that would depend on the terms of the contract. There’s no defined term for this, especially when there’s a sublease. I could be wrong, but that’s what I believe would be the case.

[@InspiringMinds-r1p]

Thank you so much 🙏🏽 I think this is the simplest formula I ever seen.

[@JustCallMaggie]

Thank you. Best of luck to you.

[@dalenabrandon5750]

You’re the best ! Why couldn’t someone else have helped us like this !!!Your my new hero

[@JustCallMaggie]

@@dalenabrandon5750 you’re so sweet. I’m glad to hear my teachings resonate with you. Thank you for your kind words. I wish you tons of luck.

[@cordeliaallen33]

Thank you! You’re a true blessing I test on the 30th

[@JustCallMaggie]

Thank you. Best of luck to you!! 🤓🫶

[@nancyalhayek2192]

These videos are AMAZING! thank you so much!! So on prorations, how in the world are y'all knowing how many days are in each month? (i keep getting the days wrong and therfore the calculations) :( Is this just something that we have to memorize? Am I the only one struggling with this? :(

[@JustCallMaggie]

@@nancyalhayek2192 Thank you for you kind words. For prorations, I use the knuckle method. You can learn more about proration in this video 👉 kzbin.info/www/bejne/iZmUi4iEYpaBh7c. And then, you can watch the video where I introduce a new method to solve proration questions here 👉 kzbin.info/www/bejne/gn2XaKCkoqqemqs

[@So-Be-It_890]

Need to know math formulas! Wow! And I can use a calculator when I take the exam!? That's awesome! Appraisals and Mortgages look good too!

[@JustCallMaggie]

Yes, you can use a calculator. Good luck!!!

[@victoriahayes1364]

@@JustCallMaggiewhat states allow calculator

[@JustCallMaggie]

@@victoriahayes1364 every state allows a calculator

[@KJx4]

Hi. For formula 7, what is loan constant, another term? I never had this word in my course.

[@JustCallMaggie]

@@KJx4 The loan constant, or mortgage constant, is a financial metric used to determine the annual debt service (principal and interest payments) relative to the total loan amount. It is expressed as a percentage and helps borrowers and lenders understand the cost of a loan over time. This metric is particularly useful for comparing different loan options. It’s the amount you find in the payment factor chart when you link the interest rate and the terms.

[@RicardoCrawford-p5t]

Praise to God!, Phenomenal, I have no doubt I'm going to pass my exam. This is a game changer.

[@JustCallMaggie]

@@RicardoCrawford-p5t love this confidence! Thank you so much for your kind words.

[@dariannekirksey819]

Hello, I am confused on Loan Constant. The formula says divide but you multiplied? Is there a video that explain loan constant?

[@JustCallMaggie]

@@dariannekirksey819 debt service is the principal + interest payment, so to find that, you would just multiply the loan amount by the payment factor. The formula shows how to find the payment factor. In this example we needed to find the payment amount, so we would multiply

[@Janiyacharles]

Hi Maggie , do you have any math questions for vacant and nun vacant apartments for percentages?

[@JustCallMaggie]

@@Janiyacharles no I have no idea what this is even about. Can you give me an example?

[@Janiyacharles]

@ on my Real Estate exam I’ve been getting the same question and I’m having a hard time figuring out what the answer would be . “ there was an apartment building that was vacant for the full 12 months of the year. “ an apartment complex has 12 units that lease for $2400 a month each. last year one unit was vacant for 8 months. two units were each vacant for 3 months. one unit was vacant for 4 months. eight units were fully occupied all year. what is the vacancy rate for this complex?”

[@JustCallMaggie]

@ oh yes. Here is a TikTok video I did all about that 👉 www.tiktok.com/t/ZTYDRPVya/

[@Janiyacharles]

@@JustCallMaggie thank you so much

[@ladyhobbs3718]

Math max simple...appreciate you MAGGIE - ❤

[@ladyhobbs3718]

Correction...math made easy...I was just sooo excited!

[@JustCallMaggie]

@@ladyhobbs3718 glad to help! Thank you for your support and kind words. Best of luck to you on your real estate journey 🤓🫶

[@guccigarrett]

Feels like a cheat code!! I'm taking my text in a few days and this is so insanely helpful!!

[@JustCallMaggie]

Good luck on your exam. Hope this little hack helps you out

[@guccigarrett]

@@JustCallMaggiethanks it sure will!

[@aquishamari7908]

great, thank you so much Maggie!

[@JustCallMaggie]

@@aquishamari7908 you’re welcome 🤓🫶 good luck ✨

[@firegirljen]

Thank you so much this video is very helpful❤

[@JustCallMaggie]

@@firegirljen Thank you. So glad to hear and help. Best of luck to you.

[@narragansett0810]

This is great info!!! Thank you thank you thank you

[@JustCallMaggie]

@@narragansett0810 so glad to hear it helped you. Best of luck to you!!

[@Jeans-qc1fy]

Hello Maggi, I am your new Real Estate student here!

[@JustCallMaggie]

@@Jeans-qc1fy hello!! 👋 let me know if you have any questions 🤓🫶

[@amar-pl4fw]

Thank You So Much Maggie.

[@JustCallMaggie]

@@amar-pl4fw you’re welcome 🤗 best of luck to you!

[@favdup2134]

❤AMAZING 😍😍😍😍👌MAGGIE. THANK YOU 🙏😊

[@JustCallMaggie]

@@favdup2134 I’m happy to hear that. Thank you for your support and best of luck to you on your real estate journey!

[@Scott_Buchanan]

On the loan constant, where did the 0.00834 come from? Thank you for posting this video 🙌

[@JustCallMaggie]

@@Scott_Buchanan it was given in the question which is usually found in the loan constant table. The testing center will provide this chart for you.

[@Scott_Buchanan]

@@JustCallMaggie thank you! I missed that part 😂

[@JustCallMaggie]

@@Scott_Buchanan it happens. We all know I’ve messed up before 🤣

[@kamaljeetkaur2403]

well explained❤

[@JustCallMaggie]

Thank you!

[@pgdigitalltd.6479]

Thank you for your help I passed my exam yesterday 🎉 in ohio

[@JustCallMaggie]

Excellent! Congratulations!!! Thank you for letting me know. Best of luck to you on your real estate career!!!

[@sandraanderson399]

Maggie thank you for your work. could you please explain on proration WHY seller is debited 3,379.73 when they owned the property from Jan to Sept 14? so confused thank you

[@JustCallMaggie]

@@sandraanderson399 hi. Thanks! Ok, so when someone owes something, they are deducted (or debited) the amount. If the seller lived in the property that amount of time, then they owe that amount in taxes. Check out this video for a little more information about this 👉 kzbin.info/www/bejne/gn2XaKCkoqqemqs

[@mohammedhossain2004]

@@JustCallMaggie Doesn't the seller get credit back on the unused rent he/she paid prior to selling. It would show up as a credit to seller and debit to buyer? My course is telling me that

[@JustCallMaggie]

@@mohammedhossain2004 no. The seller did not pay the rent. It was the seller’s tenant that paid the rent and now the new buyer is entitled to a portion of that rent. That’s why it’s prorated.

[@lisaromano5290]

I’m wondering do you need to know the formulas if using the t method

[@JustCallMaggie]

@@lisaromano5290 not really. That’s the magic of the t-method

[@lilyanaschaefer4698]

The knuckle method for prorating taxes works great.

[@JustCallMaggie]

Yes! Totally the best secret ever!!!

[@sherrirmorton11]

Wow ! Thank you!

[@JustCallMaggie]

You're so welcome. Thank you for passing by!

[@katiewolter7121]

thank you this was awesome!!

[@JustCallMaggie]

Thank you. Glad to hear. Best of luck to you!

[@elenadevilliers1781]

Thank you !!!

[@JustCallMaggie]

Thank you 😊

[@JuliaD-i3n]

Wondering why in Formula 8 of your "The 10 Most Common Real Estate Math Formulas You Need to Know" video, why you didn't use the T-Chart. Assume just to offer a different formula option? Ty

[@JustCallMaggie]

@@JuliaD-i3n you can, you would just flip the total and part sections on the original T-Chart. So you put total on top, and the part (rent) in the left column. This was one of my first videos so I was still learning about the t-chart myself. Thanks for your support and question. Hope this makes sense.

[@nopemeow3655]

Is the buyer always responsible for day of closing?

[@JustCallMaggie]

@@nopemeow3655 no. Usually the day of closing belongs to the seller, unless otherwise specified.

[@YvetteE.]

Thank You Maggie :)

[@JustCallMaggie]

You’re welcome 🤓🫶

[@restez1963]

On a different level, how do you figure out the formula for a balance market? I’ll let you know you’re in a buyers market or a sellers market depending on how many houses are in inventory I know there’s a formula. Can you please tell me how it’s this is done

[@JustCallMaggie]

@@restez1963 if you’re talking about absorption rate or months of inventory, then you just divide the number of properties on the market for that month by the number of homes that sold in that month, and that’ll give you the number of months of inventory a market has.

[@peggysoria7565]

Drop the link to the extra video please

[@JustCallMaggie]

Here you go! kzbin.info/www/bejne/q4q5p2qqaNiYZ7ssi=ehlcjDsIafHiNowV

[@loubnalemgard7527]

In the very last formula, I thought the seller will be debited for only September 15th until the end of the year which will be 75days. Am I missing something??

[@JustCallMaggie]

@@loubnalemgard7527 why would the seller be debited for a portion where they did not own or live in the home? Seller or buyer will only be debited for amounts they are responsible for. Does that make sense?

[@loubnalemgard7527]

@@JustCallMaggie I just watched your video that explains Credits and Debits! Thank you so much!

[@JustCallMaggie]

@ glad to hear it helped. Good luck!!

[@donnataylor1200]

Love it!

[@JustCallMaggie]

Thank you 😊

[@MaxwelSabas]

Does anyone know how many math questions I'll be seeing in my Hawaii exam? Also, if one fails, does the questions change when you re take it or will it be the same? I'm looking to take my exam for the first time in May!

[@JustCallMaggie]

Hi, if you fail and have to retake it, most of the questions will be new on the retake. You may find some that are the same as the first take, but not many. Also, to find out what to expect on the exam, you should check out the candidate handbook. Math seems to be 7% of the exam. I'll leave the link here: candidate.psiexams.com/bulletin/display_bulletin.jsp?ro=yes&actionname=83&bulletinid=347&bulletinurl=.pdf

[@EricaLeedy]

How do we know when to use 360 or 365 days for prorations?

[@JustCallMaggie]

If they tell you use 360-day calendar or 30-day calendar you use 360 days. If they do not tell you anything, you use 365 days.

[@EricaLeedy]

@@JustCallMaggie thank you :)

[@JustCallMaggie]

@@EricaLeedy you’re welcome. Good luck 🤓🫶

[@TonyKrav]

The loan constant formula was confusing for me. The formula had division but then the answer had multiplication

[@JustCallMaggie]

Yes, it can get a little confusing. For these questions, just divide the loan amount by $1,000 then multiply it by the loan constant that will either be given or you will have to find in the chart that will be provided based on interest rate and terms (15, 20, or 30 years). That's all. Hope that helps.

[@melissaj8483]

How did you get 257 days on proration example?

[@JustCallMaggie]

Jan = 31 Feb = 28 Mar = 31 Apr = 30 May = 31 Jun = 30 Jul = 31 Aug = 31 Sep = 14 Add them up and you get 257.

[@itssalphx5681]

@@JustCallMaggiewhat about the 12 month 30 day method ?

[@JustCallMaggie]

@@itssalphx5681 not sure what you mean?

[@jessytherealtor]

Statutory year

[@Christian-fx2sp]

for formula number 7 you said the formula is debt service divided by loan amount then you multiplied the loan amount by the loan constant so the formula is not division its multiplying

[@JustCallMaggie]

@@Christian-fx2sp the formula for the loan constant is the debt service (P&I payment) divided by the loan amount. So if you’re given the loan amount and the loan constant, you would multiply. Does that make sense?

[@alfredor62videos1]

AMAZING LADY .

[@JustCallMaggie]

Thank you so much 🤓🫶

[@lorenzojames5196]

Formula #7 I got confused because you said divide.

[@JustCallMaggie]

@@lorenzojames5196 yes bc if you have the loan constant and the loan amount, you would multiply to find the monthly payment, or debt service.

[@cheritabloodwirth2175]

thank you :)))

[@JustCallMaggie]

Yay!! You’re welcome 🫶

[@Erikgomez305]

Trying to learn the math so that I can buy my first investment property.

[@chrislynnjacqueline9876]

Thank you so much! - Chrislynn Enmanuel

[@Chrisdelvalle77]

w, I thought the math would be harder 🙏🏻

[@JustCallMaggie]

Some math stuff is not in here. There’s other math type questions but I’m glad to hear you find these manageable.

[@TheXixi743]

Why 360? a leap year or something?

[@JustCallMaggie]

When it says 360-calendar days, every month has 30 days, even February. When it says 365-calendar days, you use the amount of days each month has (28, 30, or 31).

[@TheXixi743]

@@JustCallMaggie Got it, thank you!

[@xdbros4549]

You did 600,000\50,000 and got 0.0833 how I got 12 2:25

[@JustCallMaggie]

@@xdbros4549 maybe bc you’re dividing 600,000/50,000 and I did 50,000/600,000. The top number goes first in the calculator. Hope that helps.

[@lindaDorta]

Love you Linda Garcia Dorta, Omaha August 15, 2024

[@JustCallMaggie]

@@lindaDorta 🤓🫶 hope all is well

[@isag6604]

that was to fast but good

[@JustCallMaggie]

@@isag6604 oh no! Sorry about that. You got this!

[@RealEstateMathPlugItIn]

You stole copyright material from Real Estate Math Plug It In Please take off your Tbar formulas they are copyrighted because the rate is on the left and the regular Tbar rate is on the left. The copyright for your Tbar formulas is in the Library of Congress: Real Estate Math Plug It In by Faye Rogers Taylor is on Amazon and youtube and the book is sold on Amazon and Barnes & Noble. You have a chance to take your formulas off for a limit time.

[@JustCallMaggie]

@@RealEstateMathPlugItIn I did not steal anything nor did I claim to have invented the T-Chart. I’m simply making videos to educate and help others pass the math portion of their exam. The T-Method is taught in all real estate courses and the total and rate columns can be on the right or left as multiplication uses the commutative property where changing the order of the factors does not change the product.

[@InesTeresa-l3p]

@ Mr_Dylan01