Together we have the following capabilities:-relationships with local contractors-well-versed with social marketing -great screening formula used to qualify tenants -in house photography to market your home-We offer mini-modeling to make your home more attractive-only charge management fee while property is occupiedThanks,Navid

John Jessie I have a formula.

You need to look through the Wind Shield in order to anticipate if the road ahead is clear or if there are obstacles that you need to avoid.Once you understand how to Drive your Business (or Investment), you start to do calculations based on the future, such as 10 year projections with Annualized Rental Increases, Expenses Increases, Rates of Return, Discounted Cash Flows, Internal Rates of Returns, etc.The people who think you can't calculate the future somehow missed the education which clearly has financial formulas that are designed for that.I am hoping the readers of this post really try to think about why there are formulas like FUTURE VALUE (FV)....... is that just something in someone's imagination?!

On the basic Frank and Dave Formula You take the 43 lots and then 20 lots for 63 lots.  

Hopefully we got a formula that will work over the years.

Man, this is like forgetting the name of a song.

For now, I am trying to write down as much as I can from the podcasts - interesting concepts, principles, formulas, questions, and ideas that I want to explore further.  

So, here is the formula: LOI offer = [proforma value] - [capex] - [profit for our efforts]Example: Property X can be valued at $2MM post rehab and stabilization REALISTICALLY (based on your own calculations). 

Well...I didn't check every single formula, but the ones I did make sense, and the way you break down everything to the annual and monthly after-tax cash flow looks really solid!

I had the opportunity today to take the plunge on a program known a the House Flipping Formula by Justin Williams.