My partner and I is formulating a business that will do both buy&sell and manage rental properties in New Jersey. 

They rely on the historical data to formulate their opinion of value.

That will formulate what you can do with the HELOC

In my time, I think I've come to formulate a pretty good strategy.Hoping I don't fall completely flat on my face doing my first deal...

Hello everyone,It's nice to know that there is a community of property investors here at bigger pockets.I am Victor from Australia (Melbourne).I am new to property investing and still learning, reading and listening to youtube, pod casts and books on investing in general.I am extremely intrigued by the idea of generating passive income through real estate investment ever since coming across rich dad poor dad a month ago and more recently, bigger pockets podcasts.As a start, I plan to learn more about the mechanics of investing in real estate before taking steps to actually start looking at my local market (Northern Suburbs of Melbourne)In fact, I have already formulated some short term goals to accomplish: 1.

In formulating what a bank will accept for a sales price, they start with an appraised value, deduct for carrying costs and they also generally have what is called an "REO stigma" that they can into consideration.The REO stigma is a measurable discount banks see in the market once they take back a property.

On that basis, you can formulate a strategy for the highest and best use. 

It sounds like you have some great ideas formulating. 

Seek an Attorney as Landlord now can see the need of having one at the original Contract formulation. 

Or to sell, because they don’t make sense any longer.Think about your criteria and your overall strategy, and formulate a plan.