Deano - The program is worth it if you actually take the time to apply the techniques, learn the formulas and study your market.

My offers are not considered with the 30% less than ARV formula minus repairs I am using.

You must also ensure that this meets your minimum return on investment.These 2 formulas are key to refinancing your property.

I'm interested in house hacking but open to other opportunities.Honestly, I'm still scared and my current thoughts are this: for my first purchase, it's ok not to cash flow or adhere to any formulas because as long as I'm paying less than I'm paying for rent right now, it would be an improvement in my situation and I will at least learn more by getting firsthand experience in buying real estate. 

I believe the perfect relationship is when each person can do their own 'thing' without the other partner criticizing or interfering.When a married couple is about the same age, have about the same education and the same business interests this can be a formula for a disaster because then the couple argues about every detail and they blame each other.The perfect mate is someone who is totally happy with or without you, is totally financially independent and does not need one penny of your money to live with or without you and someone who is a survivor and can do very well should your relationship break apart.

I'm doing my analysis with the Rate calculator in Excel and you only realize the full "cash on cash" savings the author presents when you hold the loan to maturity:My formula:=Rate(months,monthly savings,cost of points,future value)*months in a year1) Holding property for five years:=Rate(60,18.91,-993.30,0)*12 = 5%2) Holding the property for ten years:=RATE(120,18.91,-993.3,0)*12 = 19.56%3) Holding the property for thirty years: =RATE(360,18.91,-993.3,0)*12 = 22.82% (the author's original claim)I view the "break even point" as the number of years you're willing to hold the property to earn your cost of capital on the points. 

I too know by coincidence Billy that you are referring to and what I understand from the conversations with him is that it is not the difficulty of Spain why he is still investing in the US, but more his experience and contacts back in the US that is making him decide to stick to the formula that he knows and works for him. 

I thought the original formula seemed quite low for reserves and didn't make sense.As for the latter formula, it seems that an investor would have quite a bit in cash reserves to cover for any unanticipated expenses, particularly as more properties and more expensive properties are acquired.  

Since you have given the formula repeatedly I think you should realize that changing the price will change the capitalization rate. 

They alone work out using 40x monthly or 3x yearly formulas, not counting his loans.