Further, from the numbers you posted, none of the deals seem that great at all.Typically with a bank you can count on meeting in the middle in my area here, so if the ask is 50K on a house and you come in at 40K you can count on closing the deal somewhere between 44-46K depending on DOM, last price reduction if any, etc.

You can't beat rage against the machine for throwing around weights.

A quite popular and simple calculation for rehab based properties is ARV x 70%(30% reduction) minus the repair estimate minus your fee.

We might even bounce (dead-cat) small for a little bit.The next BIG leg down starts in the fall where $135-140/barrel crude really starts taking it's toll and the wide-spread job losses start occuring coupled with possible reduction in mortgage purchases by the GSE's (freddie & fannie) and the fed bumping rates up a tad to support the weak dollar.

I just ran these numbers with a conservite price reduction.

Most families receiving this type of assistance stay in the rental for an average of nine years, plus the government sends you a check on the first of every month for full market value rent.† Check your local housing and development authority for opportunities in your area.† Many cities are offering incentives to investors interested in certain neighborhoods so check with your city planner, neighborhood associations, and government agencies in your area to find out what may be available to you.† As with any purchase these days make sure you buy the property at a low enough price that a temporary rent reduction will not eliminate your cash flow.Offer the property for rent for $500 a month more than you actually need and advertise that discounted rent available to qualified renters.† In this case you offer to reduce the rent $500 a month if they agree to take care of any problems with repair costs of $500 or less.

So RE is so powerful because you get tremendous tax reduction benefits (depreciation, interest expenses, all operating expenses, and depreciate your capital improvements) all the while you've leveraged your investments, your tenants are paying your mortgage down for you, inflation is eating away at your mortgage, and you raise rents over time.

For this same reason we don't build using cubits anymore or price the weight of goods based on how much is held in the king's hand.

Instead of countering 10 times, we will usually give our lowest and best counter to let the buyer know what our bottom dollar is.We service for a few different investors who have different price reduction guidelines, but typically 10-15% under the FMV is where an offer will usually go through.

At this rate, it will take me 7 or 10 years to make $100.00 per door at 4% appreciation and debt reduction...