@Michael Giorgianni  So Mike you use this formula no matter how low the ARV is ??? 

@Michael Evans  I don't have much cash which is why I was considering a loan as an option.

@Michael King Had to laugh when I saw Kermit, Texas as I did a deal out there a couple of years ago and flew out without booking a hotel. 

@Michael King why did you choose to join KW rather than the myriad other brokerages that Fitchburg has?

Hi Chad,Michael has a good point about the building next door...In your calculations, I noticed that you were missing some costs to acquire the property such as the closing cost and inspection cost.   

@Michael Jobe Yes!!

Originally posted by @Michael Evans:I would avoid this by going through a 3rd party to receive your payment, make the payment to the mortgage company, and send the balance to the seller. 

And eventually the income from the buy-and holds pays for daycare:) Show 81 with Michael Quarles on the BP Podcast is a good show to develop a further understanding of marketing/wholesaling...best of luck. http://www.biggerpockets.com/renewsblog/2014/07/31/81-quarles-direct-mail/

Hi Michael, Yes, you can sell one or more relinquished properties and you can buy one or more replacement properties as part of your 1031 Exchange transaction. 

@Michael Evans "You can invest in a new KB Home in West Lancaster with as little as $10K cash if you have the right FICO, Debt-To-Income ratios and Salary."