Is there an exact formula used ie. 3xAnnual Income-Current PITI?  

Creative finance and creative negotiating is about the same thing.  There are many definitions for the so called creative stuff, so what it is? In my opinion, it is a buyer attempting to put together a transaction tha...

I told the listing agent this and she told me the seller wants to know what number I'd feel comfortable making an offer at.My question is, is there any generic formula I should be using to see what a ballpark good price would be to make this a fair investment before I start trying to come up with a realistic offer?

Is there a more complex formula that allows you to factor in expenses as well?

I have a couple of mortgage broker friends who tell me all about the crap their clients try to pull and we have a giggle over it on a semi regular basis.thanks for the info but why would we hide this from a lender , would they not be impressed that we have enough financial capacity to forgo deductions, surely that  indicates financial strength to them. and why is it not a good thing to ask them how their formula works so that no more taxes than needed are paid , does that not indicate good financial governance. 

I just think honesty reinforces the fact that you pull no punches and that you didn't just pull a price out of the air, you have a formula and  love has no place in the formula only facts and numbers.  

There are formulas you can create in excel to automate turning "xyz trust 2-3-02" into Dear Xyz Family.Just grabbed a deal today from a trust.

Is he just pulling a number out because that is what he wants to get paid or is he using a formula?

I think I know the answer to this question is probably yes, that formula still works.

I've went from an automatic no on the issue, ran the numbers for her with all the formulas I've learned from BP and got her interested because breaking down the numbers looked good, to taxes being the last road block. can she form an llc and not pull any money out of it and just keep it in the llc's account and it not affect her income?