Travis ElliottA good formula to get a ballpark estimate, which is similar to Sabrina's but accounts for empty lots is: park value = (# of occupied lots x $lot rent x 60) + (# of empty lots x $lot rent x 30) so you're looking at (14x$250x60) + (30x$250x30) = $435,000Then you'd need to subtract the required repairs and add in the value of the home.

This will be a negative number, since your payment is reducing the balance of the loan.Now, if you want to know the balance 10 years in the future, use:=fv (0.08/12, 10*12, payment, $100000)"payment" is from the first calculation.Now, subtract the remaining balance from the starting balance, $100,000 in my case.

If non-RE, the loss in box 1 of the K1 (1120 S) would get subtracted from your bottom line income on the first page of the 1040.

Now there is a ton of competition from other investors, wall street, and even some retail buyers trying to get a good deal. 70% rule means that you take the future sales price or ARV of the home, then multiply it by .7, then subtract your rehab and carrying costs and this number is your maximum offer to make the deal work.

Include the income on the s-corp subtract expenses.

Then subtract repairs.

. *** Utilize 80% of the ARV in your calculations.2.Establish Days on Market through market research.3.From that – subtract repair costs4.From that – subtract finance charges5.From that – subtract holding costs6.From that – subtract RE commissionsWhat is left with is what I can pay.

Only issue in OH is for state tax purposes you don't get to subtract your personal 401k contributions as they are taxed for state purposes.

Then, subtract off your chunk of the rent.

(I plan on buying units and selling or lease/optioning units).I've heard that you can look to local lower end apartments and subtract 20% but that seems like a rule of thumb at best.