IThe detailed engineering approach from actual cost records, also called the “detailed cost approach” or “direct cost method”, uses cost information from contemporaneous construction and accounting records.

Lately I have been hearing a lot about his method of using a HELOC loan and using the proceeds from that as a down payment for multi units.

Using the enemy method, you can very quickly identify the top properties in your target market and then replicate if not improving upon their listing when you go live!

You can either continue the depreciation schedule from the property sold, and create a new fixed asset for the additional amount invested to obtain the property (Two Depreciation method), or you can opt to treat the new asset as one asset (Single Depreciation Method).

Anyway I thought I would share with you my method of contract reading because it might help you in the future.

Trying to contact them through all methods of communication is the first step - call, text, email, knock on the door, etc.

I'm not familiar with Wisconsin laws but selling or assigning a contract is only one method of wholesaling. 

Do you have a particular formula or method you rely on to make sure the numbers add up?

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

As I said before I do not disagree with advice like paying down “bad” debt; however, he seems to not like debt in and of itself which in my opinion runs counter to what many on BP and other forums would view as a useful and often necessary tool and method for accumulating wealth in real estate.