In Chapter 9: The Multifamily Millionaire Model, Turner explains how you can use the cap rate formula to increase your ability to make wealth.

here is a great formula to use on list source to find absentee owners to market to but of course you need to fill in with your zip code for the targeted areahttp://www.flip2freedom.net/archive/flip2freedom/my-highest-ROI-mailing-list-CRITERIA-201.html?

I would recommend it to new investors especially because it helps explain many of the concepts and formulas used when analyzing deals.Mastering Real Estate Investments is a worthwhile reference to have around.

I listened to his webinar as it came from a program I am doing with Airbnb formula(yes this is going well for me" "How to find more places than you will ever need to acquire properties" So I purchased the $497.00 program with a 30 money back guarantee.

I have a formula that can help me anywhere however risks and challenges remains same .

No, there usually is no magic formula for getting out of paying off a secured debt.

I would probably pass due to the high purchase price and not fitting my formula.

The formula that I used for this is: ((D8/2) - (D22*D5)) / ((D13/12*(1+D13/12)^D14) / ((1+D13/12)^D14 - 1))D8 = Gross RentsD22 = Minimum cashflow per unit ($100 in this case)D5 = Number of unitsD13 = Interest (7% in my example)D14 = Term (360 months)As Jon said, it doesn't look like a killer deal, but you'll build equity super fast on a 10 year loan, and it'll cash flow at least a little.

the HGTV formula is: sales price minus rehab minus purchase = profits. 

I'll analyze the potential ROI based on this formula.