You have to do your homework and get someone who can help you with that homework.

Always remember to do math analysis and try to look at property before you make an offer on it or at least have a clause in the sales contract that will allow you some time (usually about 15 days) to inspect the subject property and possibly back out of the deal without a huge penalty, if any.My father has been in real estate buying and selling for about 45 years and he has taught me a little bit.  

Housing starts have been fueled by rising rents, cheap mortgage rates, and an abundance of low- and no-downpayment mortgages.The 80/10/10 piggyback loan has been in high demand of late, and buyers are finding the Fannie Mae HomeReady™ home loan to be a worthwhile alternative to FHA lending.The math for "Should I rent or should I buy?"

I know there's a lot more behind it that involves a lot of acronyms and hours of work, but I definitely don't want to work my entire life.This is the math I've come up with and I'm sure it's not super accurate.Payment for the house at $137,900: $800Renting out one side: $600Housing Allowance in my area: $897Left to pay: $200                                  Banking: $697Why does it sound so easy?

Okay for the MAO it would be as follows:$112,000 (Seller's ARV...I'm guessing)  × .70 - $10,000 (Repairs...I'm guessing here) - $5,000 (Your fee...again I'm guessing here) = $63,400 MAO based on the math.

Looks like you have plenty of room and have done your homework, so nice job!

I can help you with the math for your deal if you want.

You won't be able to find out what's owed on the mortgage without doing a little math what you will find is the purchase price and recorded purchase date and from there apply the math as @Matthew Rollo mentioned.

Hi Everyone,New investor here... yet to buy my first property (with roughly $50k cash available) but looking feverishly for my first deal.If I've done my homework, then I know that good deals are hard to come by.

Bringing a nice cash-flow right now.One of the real estate agents on my team just sent me a property that I want to get my hands on.Purchase Price: $112KAfter Rehab Value: about $155KRenovations (for rent): about $15KMonthly rental expected to be $1,400 (though I'm doing my math with $1,200)Expected closing date: September 7thI'm trying to see how I can get the cash for this property and renos, without paying a lot out of pocket.