It is like teaching a kid to do their homework as soon as they come home, it will help you not get distracted - split the workload: I am lucky enough to have a business partner who is also very dedicated to growing our business and two people looking for deals is better than one.- automate: we have developed and estimating system that helps us quickly estimate rehab costs quickly and accurately.

I am a firm believer of doing your homework before going to look, then you go look and be ready to make that offer then.

That difference, $17,500, is the part of the return that's generated by your cash, which the original $30,000 is the part that's generated by the deal.Another way to do the math is a "cash on cash" return.

Why do you waste your time playing this game instead of just working with whoever it is local to you that knows how to do REI math? 

I'd agree with most on here in saying that jumping into a renal property in a place like PHX is risky unless you've done the proper homework and due diligence.

I just use my head with very simple math. 

I always tell my clients there is no one size fits all with mortgage, and it's very true. one person i explain points and rate-buy-down to, they say "you'd have to be nuts to do that" and another client would say "buy it down as far as i can go, don't care how much it costs". what i recommend is doing the math on the recuperation period. so in your example, if the cost is $6500 to save $400 per month, how long would it take you to recuperate the $6500 in added cost?

The math is if you buy 1 $150k SFR/yr for 10 yrs, in a normal equity-gaining city (3-4%), your net worth at the end of those 10 years is $4m. you have to buy them as primary residences to get LTV so get used to moving pretty regularly.

He's on the board that writes the building codes - I didn't get too far w/him other than a referral to someone in a similar position in central MA.   The

What is your favorite book/blog/vlog/podcast that describes the math involved with Real Estate?