I thought that name sounded familiar - I have your card sitting here on my end table, as I was just in the house you are selling in McFarland last week.Welcome to the site!

I am assuming that you can do the addition and subtraction to get to NOI.CAP Rate = NOI/Current market valueSo by algebraically rearranging the formula:current market value = NOI/CAPIf you deduct debt service from NOI then divide by your required rate of return then you get your value.e.g Your Value = (NOI-Debt Service)/Required rate of ReturnAn example:Lets say:Asking Price: 100,000 NOI = 10,000Debt Service = 5,000Required Rate of Return 5%Now calculate:CAP rate = 10,000/100,000 = 10%Current Market Value: 10,000/10% = 100,000Max Value = (10,000-5,000)/0.05 = 100,000Now, I get you want to do this by hand... however, getting debt service by hand is a bit of a pain using tables.

You don't necessarily have to use your own money in the deal, especially with the value you can bring to the table based on your background.

Didn't mean to imply that this was unique to Memphis; only to state there is some higher end flipping going on in certain pockets of town.Congrats on doing that in four markets!  

You can do them one minute apart at the same closing table but the sale must close first.In your case you may want to get a contingency on your purchases for a delayed closing if your sale lags.  

I'm wondering if  an abundance of equity in two properties [SFR and 200 acres in Northern California [land is free and clear, home is easily 150-200k equity], might be something to put on the loan table.

Please send one my way- I've been temporarily "banned" from connecting for some reason.I do have a unique deal I'm working on...1.1 acre lot with a tear down mobile home on it.Wondering if any investors might be interested in buying?

Great question as Baltimore has a unique ground rent setup.

For example, once you find a buyer it takes as much as 60 days from the point the AOS is signed to get to the closing table with an approved buyer then as much as a day to get the wire in your account.

I think each persons situation is unique.