That would make a much higher (but incorrect) NOI as they would be leaving out utilities, evictions, legal costs, advertising, payroll, etc. etc. etc.Bottom line, if you calculate true and accurate NOI figures as you should, then yoour NOI will be accurate enabling you to accuratley calculate your DSCR.

Allen peddles junk information (outdated, incorrect, etc) to unsuspecting newbies.

Again, this is my opinion, some of my info might be incorrect but this is what I have seen from bird dogs.

This is why sometimes we rent, sometimes we wholesale, sometimes we buy the notes, or sometimes we sit back and wait.Process the information you gather from whatever form of media you choose and it tells you what the most likely model to use for this deal as all deals are different.If I process the information incorrectly the only person to blame is me, not the media, or Congress, or even the President.

maybe i'm calculating this incorrectly (one of the 50% pros will solidify), but in order to obtain $100 cashflow on this property,i'm calculating a purchase price of about $26,500.30 year p&i for $26,500 @ 7% = 176.3150% of rent (550) = 275.275 - 100 (cash flow)= 175so if my number are correct, it would be a little less than $100 in cashflow for a 26,500 purchase price.

My question here is, is it illegal or will I be in trouble IF we detach ourselves from the agents and I just go on to rent the house to them privately.I do apologise if my terms I used are incorrect or hard to understand, if so please ask any questions.

And Tim still hasn't pointed out where I was factually incorrect about Tom Hicks (after he brought up the discussion).Amazing how everyone just wants to insult, but then ignores the questions when they're brought up.

A politically incorrect funny uncle!

While this may be true, we do not have enough information to judge whether the advise was correct for the information at hand at the time or not, nor whether if the advise was incorrect the realtor just made a bad evaluation or something more sinister was at play.

Perhaps they're concerned that the foreclosure paperwork on those REOs is incorrect, and they could possibly be unwound.