It appears that the wholesaler set up this deal to be a simplified MAO of 80% ARV.

I know this is over-simplifying things...but I imagine if you bought a property using Mike's formula (great book, by the way), that the cap rate would probably be exceptional and you would want to buy regardless.

t=11437We're working on simplifying the process, but for now, that is the way to go.See you on board!

Thus simplified calculations for a single person are dwarfed mathematically by the addition of a family.  

I buy distress, fix it to create equity, then go to the bank to "sell" the deal to them.Here is a real example (simplified some so I don't have to type a book).4-unit vacant foreclosure in need of serious attention.

A good ledger, some accounting software, and the advice of an excellent CPA can simplify this process.Dmitriy is right.

I can't tell you how many times you or Josh have followed up with a question clarifying for a more detailed or simplified response for the expertise of the guest....

I'm a newbie here so feel free to simplify down your responses.

Draws can be simplified, but generally, it's preferable for all parties to avoid them.

Our pro forma statements have been simplified in the past month and we ask project sponsors to consistently use the standard form.