If you use the wealth formula that Stanley & Danko use in Millionaire next door ( (Gross Annual income*age)/10= Target Net worth ), they are 30k ahead of where they are supposed to be for their income & age.

. = $18,000.00.Therefore $18,000.00 is the most you can give for this house.Is this the same as the 2% rule just another way of figuring it.Do you guys us this type of formula to figure what you will pay for a house?

What's the best formula for finding a positive cash flow on a deal ?

Is there a solid formula for OO flips?

If you're not really making money on the existing units, based on the above formula, then selling would be the right thing.

My guess would be based on "standard" formulas (2% rule) as covered time after time in the forums, your units barely cash flow today if at all (would need to bring in $3k/month in rent).

I can post it in Star Office format, which is what I use, if you have that.Most of the formulas are obvious.

I think this house fits your formulas and I should make good money off it, if they are willing to come down of course.

Originally posted by "Harley1986":Now if you could just make a book that walks.......MikeOH already did :D Seriously though, check out his book, it really does boil things down in a nut shell and he has all of his formulas in it.

I have looked up the formula in the past for a business plan.