That unit brought us $600 and helped us with mortgage as well.After my wife passed way, back in early 2007, I went through some soul searching and decided to get involved in real estate even more, mainly as a supplemental retirement plan.

Articles about getting 60% returns on your money are why so many investors find themselves desperate to unload their "money pits" despite their 30% down payment.I think Warren Buffett might know what he's talking when he says that just a generic index fund, purchased over time, is the best way for most people to get rich - and that even for billions, his trustees will be instructed to follow that strategy after his death.

I can send you my operating agreement if you want to just copy it (and change out names & dates ) or sure you can find a generic one online. 

If you're using a generic formula like this: ARV*.7 - REPAIR COSTS - GROSS INVESTOR PROFITS (can range between 15%-35% of ARV depending on how risky the flip is, lower % for higher end flips in a hot market) - WHOLESALE FEE = MAXIMUM ALLOWABLE OFFER (MAO)You then would advertise the property (non-MLS) for MAO + WHOLESALE FEE = asking price to your investor. 

Many investors are looking for passive income, others would like to supplement a salary from a job or business they’re quite satisfied with; still others want an inflation hedge.So I ask, what goal(s) are you wanting to accomplish by utilizing real estate investing?

Here is a generic one that is provided by our state real estate commission.

I use a generic promissory note From a website.

That is going to supplement the 529.  

(Of course there can be other key times or large events in the area that might warrant different pricing too.)I know that's kind of a generic answer, but hopefully it helps.

I told the listing agent this and she told me the seller wants to know what number I'd feel comfortable making an offer at.My question is, is there any generic formula I should be using to see what a ballpark good price would be to make this a fair investment before I start trying to come up with a realistic offer?