They do not analyze data night and day and overthink what will happen and when.They simply have a formula they use for buying properties.

Keep being involved in the forums, reading the BP material and guides, participate in the BP webinars, check on the videos on the formulas, and listen to the podcast.If you need help with a particular lesson feel free to message me!

In this sellers market prices are going through the 1% formula all the time!

Investments don't go up in value in a linear fashion like an IRR/NPV formula might suggest.Take bitcoin for example.

Cash would be $159kI would need to discuss this with my attorney but the nuts and bolts would be $184K purchase price, 7% interest only for 10 years with 20% down.I’m looking to make sure my formula is correct but would like for members to break this down.

We would consider equity and points to the right partner and have a proven formula/track record to return double digits to our investors.

The key is having no other consumer debt as banks will lend to 40% debt to income (some use another formula), so the less consumer debt the more homes that make you money. 

Is there a formula or spreadsheet available that could be used to calculate what the former owner would pay assuming the tax deed was purchased from the state OTC with no improvements?

As for rental income being included in your Debt to Income ratio to qualify for a loan, I don't know the rules, but generally if it's not on your tax return, and/or they take a percentage of rent and apply that to the formula.

Loans become more difficult to obtain, for the simple reason that the interest rate is a factor when it comes to approving mortgage loans – just study the formula of monthly income compared to the mortgage payment because lenders use your debt-to-income ratio to figure out how much of a loan payment you can handle.