In my case the math still worked, but I also plan to basically never sell the property.

You can do some simple math to gauge potential costs, if you know what master electricians charge per hour in your area and add to that the hourly rate for 1 journeyman and 1 apprentice and multiply that by 80 hours you will have a rough idea as to labor costs.

The math is amazing on it, and it's very simple in execution compared to most strategies.Right now, I buy new construction homes to do this in, in nice neighborhoods.

Just do your homework...I'm glad you brought the topic up.

Business and math courses tailored for what you need to succeed will never hurt you.

This is my current math for the multifamily.Housing Purchase Price + taxes + $2400 insurance (this was a rough estimate)= $$$$$$ - gross annual income (rent x 12)= net income

I will not buy w/o positive cash flow.The sheriff sales may offer opportunities.I would pay all cash and take money out after the fact.I realize you HAVE to do your homework, title searches etc (and that is another post)My question is how do you determine how much to bid for a property?

We have a continous inventory.Patti ([email protected])Homeworks

They do some "funny math" to make deals work.

Just do your homework and you'll be fine!