so i have been working on building my marketing plan and I plan on hitting NYC area my family is in nyc and so am i right now and i guess you could call me an opportunist with lots of spare time so i want to use wholesaling techniques to snatch off market deals cutting out all the middle men involved and yea fixing and flipping them for now as i have a limited source of capital at the moment although eventually i will be holding multi families for rental income...My plan is to find a broker or agent willing to pay a monthly fee (equivelant to my advertising cost) in exchange for a steady stream of referrals for all the motivated sellers who call me but are not willing to work with me at my price or have a move in ready home and want to sell at market value which is clearly not what i am looking for....there are so many empty billboards in NYC but i will probably start out with a 3x12 Banners that i can have made for free at the moment and find willing commercial business owners in industrial areas with a high traffic count...

(registering means they get your name & phone # for cold calls) As we walk in to grab our seats A slick talking salesman (who kind of looks like Armando) was already talking about Armando's back story & how he was broke living in a garage with his young family.Real eye watering stuff.Armando frustrated with his misfortunes goes out & approaches investors offering free work in exchange for mentorship.

I'm wondering if anyone here can explain the reasoning and comment on the formula's validity.He says, "The precise formula is that your loan-to-value ratio multiplied by your annual constant must be lower than your cap rate to get positive cash flow"so that's,LTV * C < CapRate --> positive cash flow(C = Annual constant)He goes on to define the terms like so,LTV = Loan/ValueC = (annual payments) / (loan balance)Cap rate = NOI / Price NOI (Net operating income) = income - expensesIf you do some algebra you can restate the formula as,(loan/value) * (price / loan balance) * annual payments < NOI --> positive cash flowBeing somewhat simple minded I would have thought that the formula for positive cash flow would be simply,annual payments < NOI --> positive cash flowBut I don't understand the multipliers on the left side,(loan/value) * (price/balance)Can anyone explain to me why they should be considered?

1031 is for a like kind of exchange. 

BUT the appreciation in the area allowed me to sell (to a rehabber) at a good profit and do an exchange into a much larger (and way more profitable) property in Ohio.4) I started 12 years ago- don't know if that qualifies as longterm?

Calculations that are 'precise' are not necessarily better!

In exchange they get to show off their passion and explain why they do the things they do.

Actually, to be more precise, we look at the LOAN TO VALUE first.

Suppose you I have a property sold and my money is setting in a exchange waiting for a property to do 1031 exchange, I would send  this letter.Dear Mr.

Hi Scott, I've had good results buying notes on FCI Exchange and we do use FCI as one of our servicers.