You may argue all you want on what I do and do not have for OE, but you will be wasting all of our time as you can only assume and have your opinions.You insist on posting my duplex unit numbers so you may critique them.

I discovered property investing toward the end of my degree program and realize that it was a huge waste of money.

You'll waste that much in gas with just 2 no-shows.Here's an example of our info sheet:

As big as you can make it with good solid buyers, just keep working the list and networking to the best of your ability.As for a percentage of ARV this is going to depend on your market conditions and the type of buyers you have.

Otherwise they won't waste their time.

Personally I like his tell it like it is approach, and he has a solid academic background from Harvard.

Property Cost $200,000.00 Repairs Needed $50,000.00 Number Of Units 10 AVG Rent Per Unit $475.00 Gross Schedule Income $4,750.00 Vacancy Allowance 10% $475.00 Gross Operating Income $4,275.00 Less Operating Expenses Accounting $25.00 0.58% Advertising 0.00% Insurance $125.00 2.92% Lawn / Snow $- 0.00% Repairs $85.50 2.00% **Since i guess high for repairs, i lowered this down to 2% Monthly Taxes $458.33 10.72% *** Renter pays Utilities Electric $- 0.00% Gas $- 0.00% Fuel Oil $- 0.00% Water / waste $- 0.00% Total Operating Expense $693.83 16.23% Net Operating Income $- 0.00% Property Cost With Repairs $250,000.00 25% Down $62,500.00 Additional Cash Down $- Remaining Balance $187,500.00 Gross Operating Income $4,275.00 Monthly Mortgage $1,875.00 Total Operating Expense $693.83 Monthly Profit $1,706.17 36% profit My formula always shoots higher on the cost to protect me.

It helps them to determine if they are wasting their time with you or not.If you show up at a different Realtors office in professional attire and ask them to show you properties they most likely won't even think about asking for proof of financing.

I like investors, most will tell it like they see it, will not waste your time because they can tell you EXACTLY what they are looking for.

DRIVE TIME is the best I have found.I had solid response when putting on the end of day drive time/rush hour ads.