I just started and the financial formulas and networking are already becoming valuable to my investing business.

I have posted a few of my deals and look forward to learning from all of you.My hobbies include: foreign languages, keeping exotic fish, formula 1, modified exotics; and would love to get into amateur Porsche racing, scuba and light aviation ... maybe even some big-game hunting.See ya around!

I know some people use the MAO formula, and calculate the 65%-80% of ARV, minus repairs.

It is true, you make your money when you buy, and part of that formula is how you execute your plan.

You should come up with your own formula and basically you would plug in the numbers for where you need to buy it at and if it does not work then move on.

We had a little over 70 properties... as rentals... and the economy turned... taxes went up... rentals didnt go up...And we had huge negative cashflows...That's when I learned a new thing...When you buy a property with equity...Then you now have a new formula..Example...Let's say..

If you didn't pull it from myfico or through a broker, you didn't get a real score. lots of companies offer credit scores (orchard bank, bank of america, creditkarma, there are tons of them) but they are all BS because they don't use the real fair isaac formulas. banks generally pick your middle score of the 3 when deciding your interest rate, whether you qualify, etc

I've read several articles about formulas and speadsheets.

It has the formulas already in place.

It's not a magic formula that works in every situation...in fact, sometimes your expenses are MORE than 50%.Take a couple minutes to list out your expected expenses (and their amounts):- Vacancy (talk to other investors in the immediate area and see what kind of vacancy rates they are seeing)- Rent Loss (how much do you plan to lose due to concessions and non-paying tenants?)